FTX Fraud Exposes Lack of Crypto Oversight and Shakes Industry Integrity
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Sam Bankman-Fried portrayed himself as a model crypto leader, but his trial revealed his brazen fraud.
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FTX's collapse exposed lack of oversight and acceptance of risky practices in crypto industry.
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Many major crypto firms currently face legal scrutiny or lawsuits from regulators.
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Crypto industry argues Bankman-Fried was an outlier, but his fraud calls industry's integrity into question.
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It's unclear if crypto firms have learned lessons from FTX collapse and can prevent future disasters.