Lessons from FTX. Latest ESF guidance on supply chain security says SBOMs are key. Offensive cyber operations from DoD and DOJ.

At a glance.

Lessons from FTX.

Latest ESF guidance on supply chain security says SBOMs are key.

Offensive cyber operations from DoD and DOJ. Lessons from FTX. The collapse of the FTX cryptocurrency exchange, the third-largest such exchange in the world, has amplified the debate over how to regulate the unwieldy beast that is the crypto market. The Atlantic Council offers their recommendations for preventing an implosion similar to FTX’s in the future. The first step is to have financial regulators and industry leaders implement “proof of reserves,” requiring large, centralized exchanges and custodians prove and document their assets and liabilities, preventing them from secretly using customer funds in risky investments. Some players in the sector have already moved to adopt this measure voluntarily, and lawmakers could put their weight behind it to make it more universal.Second, the crypto market could engage in self-policing, much like the self-regulatory organizations […]

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