The downfall of FTX cast a shadow of doubt across the cryptocurrency community, significantly influencing the industry's direction in subsequent years.

This unfortunate event led to a period where the market had to reorient itself, eventually creating a more stabilised environment for new projects to emerge and grow.

Despite the improved landscape, the remnants of FTX's collapse linger, challenging some endeavors to rebuild the lost trust.

This incident serves as a reminder of the importance of transparency and reliability in the crypto sector, underscoring the necessity for stringent measures to prevent similar occurrences in the future.