Shuttle Labs has raised $6 million to develop Genius, a new crypto exchange promising robust security, self-custody, and decentralization—aiming to address key weaknesses that contributed to the collapse of FTX. Unlike traditional centralized exchanges, Genius will enable users to maintain control over their assets through self-custodial features, reducing risks associated with third-party custody. The platform’s decentralized infrastructure also promises greater transparency and reduced reliance on single points of failure. Backed by prominent investors, Shuttle Labs plans to set a new standard for secure, user-centered crypto trading by combining decentralized finance (DeFi) principles with an exchange model.