Crypto Is Dead.

Derick David
Utopian
Published in
3 min readJan 31, 2024

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I’ve been in crypto for years now, I saw it all — the highs, the lows, and the memes. I worked as a designer for two crypto startups in 2022 and even became a journalist for Forbes. I’ve been invited to attend to multiple crypto conferences all over the world including New York, Paris, and Switzerland.

Last year, I even had the opportunity to speak at an event in Davos during the World Economic Forum. The same event where former Binance CEO Changpeng Zao was also a speaker. It’s insane to think that this guy is now facing 18 months in prison. One minute, you’re listening to him speak about the future of crypto. Next minute, he’s a criminal. Remember that not so long ago, it was Sam Bankman-Fried. Before that, Do Kwon. And many more.

How can people trust crypto again when the so called crypto leaders are getting arrested one after another, and others simply disappear?

The vibe is just different today. Charts are flatlining. Emperor’s new clothes. It’s Delulu szn for crypto bros. Desperate characters. Isn’t it supposed to be recovering by now? Why is crypto is still crashing?

It wasn’t just the market. It’s just the combination of rug pulls, hacks, Ponzi schemes — the crypto world is like an entire criminal syndicate looking to make money off of new players. Scams were everywhere, stealing millions. Security was a joke.

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Derick David
Utopian

1M+ views. Seen at Forbes. 10x Top Writer in Technology, Innovation, and Design. https://twitter.com/jeazous