Op-ed: why FTX does not spell the death of crypto. Philipp Pieper and Timo Lehes, co-founders of Swarm sit down with Jonny Fry and James Tylee.
A combination of a light regulatory touch, a lack of governance and risk controls would have appeared to have led to FTX’s downfall - as opposed to some systemic problem with cryptocurrencies per say. The combination of DeFi and regulation is an outstanding value proposition for institutions. Long term, the crypto industry has an opportunity to build a better system with DeFi and self-custodial wallets that do not rely on trusting third parties.