The collapse of FTX in late 2022 sent shockwaves through the cryptocurrency world, revealing deep-seated issues within the industry. Fast forward to 2025, and it appears that many of the lessons from this monumental failure have yet to be fully absorbed. This blog post aims to dissect the structural, legal, and psychological factors that contributed to the downfall of FTX, while also exploring how similar patterns are emerging in the current landscape of digital tokens. A cru
