Crypto Funding Plunged in 2022, but VC Head Sees Areas of Opportunity for 2023

“Crypto has seen a lot of self-harm in 2022 and it feeds the narrative that we’re already fighting against: ‘Oh, scammy people doing scammy things.’ And here’s yet another example,” said Pakman, noting that the downfall of FTX was due to human behavior, not technological failure. “Hopefully, we’re weeding them out of the system.”