Write 200–250 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. For this Discussion Board, ple

Write 200–250 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. 

For this Discussion Board, please complete the following:

The FTX collapse was one of the largest financial scandals in recent years, causing billions of dollars in investor losses. FTX's founder, Sam Bankman-Fried, had been accused of fraud by misusing customer funds and lying about the company's financial health. This collapse raised essential questions about ethics in business, fraud, and cryptocurrency regulation.

Watch the following video for this discussion, which explains the ethical or legal aspects of the FTX collapse and its relation to cryptocurrency: The FTX Collapse, Explained.

After watching the video, select 1 of the scenarios, and write at least a 200–250-word response reflecting on the scenario.

Scenario 1: Ethical Failure Perspective

Watch the following video that explains the FTX collapse: The FTX Collapse Explained in 99 Seconds.

Watch the following video about ethical leadership: Ethical Leadership.

Read the following article about ethics in cryptocurrency: Crypto Ethics: FTX and Sam Bankman-Fried.

Then, address the following:

• How did ethical decisions, or the lack of them, contribute to the downfall of FTX? Consider how the leaders of FTX may have acted if they had followed ethical principles.
• The article Crypto Ethics explains why some leaders make bad decisions, such as being overconfident or acting in their self-interest. Would the unique personality and behavior of FTX's founder make it harder to judge his actions based on standard ethical ideas? Why or why not? Remember that ethical principles and the law should apply to everyone, no matter how different or unique they are.

Scenario 2: The Role of Law and Regulation Perspective

Watch the following video that explains the FTX collapse: The FTX Collapse Explained in 99 Seconds.

Read the following article about cryptocurrency scams: What To Know About Cryptocurrency and Scams.

Read the following article that discusses the need for regulations in cryptocurrency: Why the Crypto Economy Needs Stricter Anti-Fraud Protocols and Other Regulations.

Then, address the following:

• Should cryptocurrencies such as Bitcoin and exchanges such as FTX be more closely regulated by the government? Why or why not?
• Explain how the government could use laws to regulate companies such as FTX and protect investors. Discuss whether more regulations are necessary to prevent future fraud in the cryptocurrency world.

Deliverable Length: 200–250 words