Risk of Ruin cover image

The Disrespected

Risk of Ruin

CHAPTER

The Implosion of the FTX Exchange

The implosion of the FTX exchange took place at light speed. On November 2nd, an article was published on CoinDesk, which said that the FTX balance sheet was a lot of smoke and mirrors. You're not going to find a more stunning collapse in terms of the dollars involved,. The SEC should have beaten me to the punch, so should the DOJ, so should have all these other guys. But for some reason, these people who have thousands and thousands and thousands of employees, don't do shit, or B, they're slower than shit, or C, they're so co-opted and paid off  that nothing can happen.

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