Lessons from FTX and MF Global

This chapter explores the parallels between the FTX collapse and historical financial failures, specifically the case of MF Global and its mismanagement of customer funds. The discussion touches on the broader implications of layoffs in major tech companies and the state of the cryptocurrency market, suggesting that while these financial upheavals are entertaining, they may lack systemic importance. Furthermore, the chapter emphasizes the significance of blockchain technology in traditional finance while addressing potential risks posed by social media companies entering the crypto space.