๐ **Bitcoin Enthusiasts, Heads Up!** ๐
The SEC has slapped Galois Capital with a $225,000 fine for mishandling client assets by storing them on the now-defunct FTX exchange. Galois, a crypto advisory firm, lost nearly half of its fundโs assets during FTX's collapse in November 2022. The downfall of FTX, led by Sam Bankman-Fried, resulted in a massive $8 billion loss for customers and $1.7 billion for investors.
Despite this setback, Bitcoin remains a beacon of hope in the crypto world. ๐ While firms like Galois face scrutiny, BTC continues to show resilience and potential for growth. Stay optimistic, Bitcoiners! ๐
