FTX meltdown indicates end of crypto's 'Wild West' days

FTX was one of the world's largest cryptocurrency exchanges until it was shut down earlier this month.

Following the demise of Sam Bankman-Fried's crypto empire, the government has increased its scrutiny.

Increased regulation threatens to end the free-wheeling, Wild West era of digital assets.

"The FTX crash has gained international attention," Gerard, David

Al Jazeera spoke with a strong critic of the crypto sector and the author of Attack of the 50 Foot Blockchain.

"The regulators don't care if cryptocurrency self-destructs." They are concerned if it impacts anyone else."

BlockFi, a cryptocurrency lender, stated it has "substantial exposure" to FTX and warned of a probable bankruptcy case.