This is the second crypto startup this week I've seen cost people a lot of money. The other was a startup destroying a bunch of NFTs that got produced in a hack

This is the second crypto startup this week I've seen cost people a lot of money. The other was a startup destroying a bunch of NFTs that got produced in a hack. Catch was, these tokens had already been bought and sold. Cavalier stuff like this will absolutely get you regulated. The draw of crypto is supposed to be immunity from this sort of thing, but the frequently amature execution of the products leaves end users often more vulnerable to attack than had they shoved their money in Bank of Your Nation. Banks invest eye-wateringly large sums of money every year in security. Crypto startups are just unable to match this level of security analysis and testing.