FTX's Collapse in Cryptocurrency

Crypto exchange FTX lent billions of dollars worth of customer assets to fund risky bets by its affiliated trading firm Alameda Research setting the stage for the exchange's implosion. The company built a reputation for regulatory compliance and was taking shots at finance on Twitter for its alleged lack thereof regulation. There's a lot of chaos to unpack and made crypto exchanges going in solvent, sassy tweets investigation into potential fraud but there's also a lot of wisdom that can be taken away from this.