FTX was not a blockchain, but a centralized exchange. If it had been a decentralized exchange (DEX), all funds would have been traceable. This would never have

FTX was not a blockchain, but a centralized exchange. If it had been a decentralized exchange (DEX), all funds would have been traceable. This would never have happened. Most people in the crypto space are familiar with custodial risks and know the difference between a decentralized and a centralized platform. The FTX collapse didn't affect the true crypto community who kept the bulk of their assets on-chain; the consequences mostly fell on the shoulders of speculators and the entities who cater to them. It will surely scare away a few of them from the crypto space, but we don't need them anyway. Crypto doesn't need more speculators. Crypto space actually benefits from these periodic cleansings. If MtGox collapse didn't end crypto, then this surely won't.