This is one of the best explanations of the FTX collapse, as well as critique of the foundation of crypto, I've read. A clear summation.

#ftx #SamBankmanFried

https://www.washingtonpost.com/opinions/2023/11/09/sbf-ftx-conviction-crypto-scam/

Regulating crypto might end it. And that’s just fine.

The industry is little more than a vast digital casino.

The Washington Post
@dispactke IMHO, that's the same sort of "a little knowledge can be a bad thing" type of journalism that lead to FTX's rise in the first place. All it really says is that crypto is volatile. Who knew?