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being the latest. do you think more crypto exchanges are likely to fall and how widespread do you think the damage will be? it s too early to determine at this point, boris. we re still kind of sifting through the facts a little bit here. but i certainly think any person who holds cryptocurrency in its custody at a central exchange like ftx is probably rethinking whether or not that s the smartest strategy right now. custody of cryptocurrency is very different than custody of traditional financial assets. you have something called your private key. an alpha numeric string of characters and that s what you use to send your cryptocurrency. if you re entrusting your private key to a central entire immediate areary like ftx, there s a lot of security risks there. these exchanges are not subject to meaningful regulation, they re not subject to the same standards that traditional securities exchanges are, so there s just really no consumer

Boris sanchezCrypto exchangesTraditional financial assetsAlpha numericSecurity risks