# Crypto Needs an FDIC-Like Protocol to Prevent Liquidity Crises

By [537](https://paragraph.com/@537-2) · 2022-11-17

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How does the FTX fallout resemble the history of bank runs?

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*Originally published on [537](https://paragraph.com/@537-2/crypto-needs-an-fdic-like-protocol-to-prevent-liquidity-crises)*