3d vector split in half token with the abbreviation FTX Source: AdobeStock.

OK, be honest. If you follow the news of the FTX cryptocurrency platform and the arrest of former Wunderkind Sam Bankman-Fried, you may be wondering if all that research you did, not to mention that new fancy title of vice president of digital operations, just became useless, I’m here to tell you your expertise is needed as much now as it ever has been. Well, almost as much. In fact, there are many lessons to be drawn from the demise of FTX that can help shape the development of the crypto industry in a positive way for years to come.

Why am I so bullish on crypto? Well, to be clear, I’m not exactly bullish on crypto. In fact, I’m proud to say that two things I have never done are open up a Facebook account or purchase Bitcoin. But regardless of what, if any, virtual currencies are in use 10 years from now, I will bet you that the Distributed Ledger Technology (DLT) that underpinned its use will be an increasingly integral part of the financial landscape for all financial institutions, irrespective of their size.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.