Adam Back: The FTX and Mt. Gox script is playing out again Bitcoin OG Adam Back @adam3us shared at BTC Prague 2026 that the Bitcoin market has a lot to learn from traditional markets. Traditional markets have undergone long-term evolution and have learned how to handle market pressures, while the crypto industry often repeats mistakes and fraud patterns from centuries ago. He believes one of the most important lessons is separating custody from trading platforms, ensuring that when an exchange goes under, users can withdraw their assets and not get caught up in bankruptcy proceedings. However, in reality, the historical script of FTX and Mt. Gox keeps replaying. Source: BTC Prague