It is true that some people have expressed concerns over the mechanics of Terra, as well as the fact that FTX is offshore. However, it is important to note that many of these concerns are speculative in nature, and there is no guarantee that regulators will take action against these platforms. Ultimately, it is impossible to predict how regulators will respond to any particular platform or cryptocurrency, so it is important to do your own research and make sure that you understand the risks associated with any investment before making a decision. That said, it is also important to remain open to the possibility that these platforms may turn out to be successful, and that regulators may eventually come to view them as legitimate investments.