On Dec. 4, Vitalik Buterin responded to a question from a popular community member who said they had grown tired of the scammers and fraudsters in crypto after nine years.
Crypto is used primarily as a vehicle for speculation at the moment, and that is where fraudsters thrive. The FTX meltdown was caused by a bank run catalyzed by major overleveraging and lending.
Buterin suggested distancing from trading and investing and focusing on technology and applications.
(By Martin Young)
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