Opinion: Why FTX collapse might be the end of the beginning for crypto

In November 2022, cryptocurrency exchange FTX collapsed over a period of roughly 10 days. Following a report by Coindesk that suggested potential leverage and solvency concerns, the exchange faced a run on its FTT token that led to a liquidity crisis. There was also an attempt to negotiate a bailout from rival exchange Binance that quickly fell through. FTX, which was once valued at $32 billion, has since seen it assets frozen, its enigmatic CEO Sam Bankman Fried resign, and the e…