melkipersr t1_j23o1cn wrote

One of the selling points of crypto has been its unregulated nature. FTX was based in the Bahamas for a reason. All of FTX’s investors knew that they were investing in an unregulated space — that was a good thing, as far as they were concerned … until it wasn’t.

I don’t see it as a failure of regulation so much as a plea for it.