Mike Downey: It's sad to see how all of this played out and in some ways, I guess there's a lot more to come. When Celcius first went under, they were saying the hole was maybe a few hundred million dollars and it ended up being like 2.4 billion. He says FTX is a very different animal from what Celsius was or from what 3AC was or what Luna and Terra were. "It's a completely different animal," he adds.

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