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There’s a four letter word that must be a real kick in the guts for FTX account holders and investors right now. Following the collapse of FTX and its ripple effects, people with the benefit of hindsight would say that you should have DYOR, aka Done Your Own Research to prevent all this.

But even prominent banks, venture capitals, and all those smart brains with deep pockets were fooled, can we really escape all this even if we’ve done our own due diligence?

So what’s more to DYOR is to WYOR, weigh your own risk, to return to the fundamentals and ask what does putting my money in a centralized crypto exchange like FTX entail? Am I really going to trust a third-party that gives me the convenience at the expense of control over my keys. And as the saying goes, Not your keys, not your crypto.

We all learn it the hard way. Again, DYOR and WYOR!