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FTX Is The Final Nail In Crypto’s Coffin

The trust is completely gone

Back from vacation and wanted to comment on the FTX debacle. It reminds me a lot of both Bernie Madoff’s Ponzi scheme from 2008 and TerraUSD from earlier this year.

It’s not surprising that so many frauds are suddenly coming to light. Speculative bubbles attract bad actors looking to make a quick buck. And when there’s a…