With the collapse of crypto exchange FTX and its sister company Alameda Research, the crypto industry has received yet another black eye. But this may be the opportunity for the market to eliminate much of the fraud and opportunism that has clung to it for far too long.

This report provides an overview of the story and highlights some of the details that point to recommendations participants in the crypto space can take from the FTX story of fraud and incompetence.

Companies mentioned:

Alameda Research, Binance, Celsius, CoinDesk, FTX, Mastercard, Three Arrows Capital, Twitter, Voyager