This post is part of Consensus Magazine’s Trading Week, sponsored by CME. Dr. Bo Bai is the executive chairman and co-founder of MetaComp and the MetaVerse Green Exchange.
Last week, a jury of 12 found former FTX CEO Sam Bankman-Fried guilty on all seven fraud-related charges, bringing to a close months of industry navel-gazing. Following 2022’s slew of collapses and scandals, all owing to poor risk management, governance and oversight, the very fabric of the crypto industry has changed, leaving many to contemplate its future as a new cast of characters comes to the fore.
New, but also not so new: the very financial institutions that crypto initially sought