Crypto Circle "Lehman Moment"

This bail is one of the "highest pretrial bails in U.S. history."

After the collapse of FTX, Solana was immediately placed at the center of the storm, which can be traced back to the DeFi summer of 2020.

How to summarize? How to develop?

"Many people are very smart, but they may not necessarily excel in the chaotic trading world—especially in cryptocurrency."

The run on crypto assets occurs entirely on-chain, so the pressure is far greater than that of traditional banking systems.

This raises more questions for us to explore.

BUIDL in Web3 should start from basic business rules and reflect on self-discipline construction within the industry.

Crypto will not stagnate because of this incident; we just need to move forward.

134 FTX-related entities (collectively referred to as the "FTX Group," as debtors) have filed a petition in the U.S. Bankruptcy Court for the District of Delaware.