Background: The last week has revealed what many already knew, the importance of decentralized finance cannot be overstated. We have witnessed the third largest cryptocurrency exchange implode, revealing the gross misuse of customer funds to plug trading losses and the largest crypto-related bankruptcy. The ripple effects of the demise of FTX are still not fully known, but what we currently know is that thousands of individuals and companies alike have lost billions of dollars, unlikely to see a penny anytime soon. If there is anything to be taken from this week’s events, is that self-custody and removing “trusted” middlemen are more important now than ever.