Crypto exchanges certainly seem to be geared towards fraudulent activities, and they've lured investors in with promises of high returns. The whole so-called 'decentralized finance' world (DeFi) seems to be full of shady actors and money-launderers, but cryptocurrencies themselves - when no used in the way, say, that subprime mortgages were - as vehicles for gambling - don't seem to be inherently corrupt.
FTX/Alameda is now the poster child for Defi, isn't it? Good overview here:
FTX/Alameda is now the poster child for Defi, isn't it? Good overview here:
https://blockcast.cc/news/revealing-the-new-defi-gang-ftx-an...