🔔Flashback to Crypto History! Remember when the FTX exchange collapsed in Nov 2022, triggering a notorious crypto winter? 😱 The fallout led to a regulatory crackdown, with Binance slapped with a hefty fine despite no evidence of user fund misappropriation. The incident sparked a drive for transparency among crypto exchanges, with Binance leading the pack. Meanwhile, regulators worldwide have adopted a more collaborative approach, with the European Council adopting the first comprehensive legal framework for the crypto industry in May 2023. But remember folks, due diligence is still key! 💼💡 What's your take on these developments? Share your thoughts below! 👇