Crypto’s meteoric rise and dramatic fall have come as a cautionary tale for many. The unravelling of FTX, Genesis, and countless others has unleashed a domino effect across the industry, leaving an acrimonious trail of insolvencies and lawsuits in its wake.
For investors, FOMO has come at a great cost. Many have already written off the remains of fintech’s last innovative breakthrough from their books. This has also taken a toll on global VC deployment into crypto.