The Role Gibraltar Will Play In The Future Of Crypto

The FTX collapse has impacted the entire crypto industry, which is currently dominated by fear and shock. For one of the world's largest cryptocurrency exchanges, trusted by over a million users to collapse, will go down as one of the darkest days in the industry's evolution. The collapse has shaken the industry and businesses will have to work on winning back public and institutional trust.

The collapse was not a fault of the technology, which is proven and safe, but rather a complete failure of oversight, proving the need for increased scrutiny and due diligence. It was a comprehensive failure of internal corporate controls and no risk management, to a large extent missed until it was too late. While it could be thought that the crash being caused by human error will make it difficult to rebuild customer trust, the reality is that embracing its technology-enabled decentralised heritage and ramping up investor protections will, in time, allow that trust to