Cryptocurrency Chronicles: FTX’s Rise and Fall, Crypto Controversies, and Long-Term Strategies

Vaclav Vincalek
Hiswai
Published in
3 min readApr 3, 2024

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There is a heavy focus on the rise and fall of the FTX exchange and its founder, Sam Bankman-Fried. Key issues that led to FTX’s collapse included misuse of client funds and broader controversies in the crypto space, including investment scams and the shift toward illicit transactions using stablecoins.

The fallout of FTX has had impacts on the broader cryptocurrency market, even effecting trends like the rise of Bitcoin ETFs. However, it’s noted that some cryptocurrencies like Solana’s SOL have weathered these challenges well.

Another recurring theme is the emergence of long-term investment strategies in the world of cryptocurrencies, as seen with the formation of Split Capital. This new wave of crypto hedge funds, established by former LedgerPrime staff, is targeting undervalued digital assets and emphasizing ecosystem growth, providing a stark contrast to short-term venture capital strategies.

This shift could potentially reshape perceptions of the digital asset market and renew investor confidence. Additionally, the articles underscore how decentralization plays a central role in controversies and changes in the industry.

News Updates about FTX:

Vitalik Says Bring on The Masses! — The Defiant

The article discusses developments in the crypto world, such as Vitalik Buterin’s call for Ethereum developers to create applications for mass adoption using Layer 2 networks, the growth of tokenized U.S. Treasuries, and the sentencing of Sam Bankman-Fried, founder of the crypto exchange FTX. These topics align with key concepts like crypto exchanges, decentralized finance, and decentralization, and involve entities such as Bitcoin, Ethereum, FTX, and figures like Vitalik Buterin and Sam Bankman-Fried.

The AI world needs more data transparency and web3 startup Space and Time says it can help

Scott Dykstra discusses the importance of data verifiability in the context of AI and blockchain technologies, highlighting the need for zero-knowledge proofs and decentralization, especially after the FTX bankruptcy, for applications like cryptocurrencies, Ethereum, and Large Language Models.

SBF committed perjury, keeping the crypto tradition alive — Protos

As a US District Court judge sentenced Sam Bankman-Fried (SBF) to 25 years in prison, the judge reminded the fallen crypto leader that he voluntarily committed perjury three times during his trial.

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Vaclav Vincalek
Hiswai

CTO Advisor. Creating Strategic options with Technology. Technology entrepreneur, CTO and technology advisor for startups and fast-growing companies.