For many, the FTX blow-up is a sad reminder of how Mt.Gox, the original Bitcoin exchange, fell to ruin more than eight years back. 

During a recent interview with Bankless co-owner David Hoffman, the Ethereum frontman said,

“I actually feel like the way that he has handled himself post-blow-up, has actually been kind of honorable. He hasn’t tried to give himself a Su Zhu-style redemption arc. Went quiet for a while, and diligently worked on helping people get their money back. It’s like villains are getting lower quality now. Mark has improved in ways that I just, unfortunately, don’t expect people like Su and Kyle to improve even a decade from now. Very much hope I am wrong though.”

Buterin asserted that the 2014 blow-up did feel like an existential crisis for the crypto market as well as a huge crash for Bitcoin. “It was an invitation for regulators to swarm around the space,” he added. But he also believes the 2022 collapse will be harder to recover from.