Major blow for Australian wealth management: Netwealth is shelling out roughly $67 million to compensate over 1,000 clients whose retirement funds got locked into a fund that went belly-up. This is exactly the kind of scenario that keeps investors up at night—and honestly, it raises some hard questions about due diligence and risk management at these platforms. When people entrust their hard-earned retirement savings to an investment firm, the expectation is straightforward: professional oversight and proper vetting. A settlement of this scale doesn't just hurt the platform's wallet; it signals systemic issues that reverberate across the whole industry. For crypto and digital asset investors, incidents like this highlight why platform security, transparent fund management, and regulatory compliance aren't just buzzwords—they're survival basics.