Everywhere there is a large commission, there is a high probability of a ripoff - Charlie Munger By now, every crypto user has heard of the recent FTX collapse. Since CZ’s tweets stirred up the storm, the world’s second-largest crypto exchange by trading volume was forced to file for bankruptcy in less than one week. Such a fast crypto freefall reminds people of the death spiral that destroyed LUNA-UST in May this year, which evaporated $40 billion worth of funds and hurt multiple distinguish...

Everywhere there is a large commission, there is a high probability of a ripoff - Charlie Munger By now, every crypto user has heard of the recent FTX collapse. Since CZ’s tweets stirred up the storm, the world’s second-largest crypto exchange by trading volume was forced to file for bankruptcy in less than one week. Such a fast crypto freefall reminds people of the death spiral that destroyed LUNA-UST in May this year, which evaporated $40 billion worth of funds and hurt multiple distinguish...