FTX and SBI in a Solvent Crisis

The New York Times released this huge puff piece about FTX and SBI last night. It doesn't seem like users are going to be able to get a lot of money back according to research from the block. The VC companies absolutely failed in terms of due diligence, so let's see if they do it again, right? So that's kind of the whole thing. Basically it was a bunch of really risky bets.