FTX Collapse Creating Chaos as Users Ask for Regulations

 

FTX nearing bankruptcy has sent much of the crypto industry into a tailspin. The company once had a $32b evaluation and is now headed towards extinction after Binance opted out of the acquisition.

Simon Mak, Professor at Southern Methodist University in Dallas, TX, points out that these companies have sizable effects not only on the market but in the crypto technology space in general. This also begs the question of who, if anyone, is regulating the moral compass that these companies theoretically possess.

Simon’s Thoughts:

“The spirit of cryptocurrencies was to be a funding mechanism to support cool blockchain projects that solve tough and unaddressed problems in society. Now, let’s fast forward to 2022 where cryptocurrencies have now become the main focus in using blockchain for good to solve societal problems.

Why? Easy answer, and it’s the same answer as always, greed and the unmitigated pursuit of wealth without a moral compass. The nuance, however, in this answer is that in the new digital world, wealth and crime scale rapidly, specifically for blockchain. Wealth and crime began with a cohort of technologists, many of whom were educated at top-tier universities like MIT.

It is beyond shameful that there are people who have been gifted with technical superpowers and instead of using their superpowers for good, they use them to increase their personal pocketbook.”

 

Follow us on social media for the latest updates in B2B!

Image

Latest

apprenticeship degree
Career-Connected Health Care: Why the Apprenticeship Degree Is the Future
April 13, 2026

Hospitals across the country are feeling the strain—too many open roles, not enough trained professionals, and a growing gap between what students learn and what the job actually demands on day one. Training is getting more expensive, timelines are stretching, and healthcare leaders are being forced to rethink how new clinicians enter the field….

Read More
Cybersecurity
The Expanding Threat Surface: Why Cybersecurity Is No Longer Optional for SMBs
April 9, 2026

Cybersecurity is no longer a concern reserved for large enterprises—it has become a defining issue for businesses of every size. Over the past decade, the rapid rise of cloud computing, artificial intelligence, and cryptocurrency has fundamentally reshaped the threat landscape, lowering the barrier to entry for cybercriminals and expanding the range of viable targets….

Read More
rubber
How Precision Engineering and Regulatory Complexity Shape the Future of Rubber Manufacturing
April 9, 2026

In an era where precision manufacturing often hides behind the simplicity of everyday products, the world of rubber components offers a striking reminder that complexity frequently lives beneath the surface. What appears to be a modest gasket or sealing element is, in reality, the product of highly specialized engineering, rigorous testing, and an…

Read More
tekniplex
Inside TekniPlex Gaggiano: How Specialized Manufacturing and Precision Engineering Define a True Center of Excellence
April 9, 2026

Manufacturing excellence today is less about scale alone and more about precision, control, and adaptability—especially in industries where even microscopic inconsistencies can have outsized consequences. As global supply chains grow more complex and regulatory standards tighten, facilities that invest in specialized processes and contamination control are quietly becoming the backbone of innovation. Segregated…

Read More