Every day, brings out different bad news about FTX. Based on what I know, I think the principals over there, should seek criminal law attorneys. I’m dying to see how it will play out, as I like to read about huge business failures such as Blockbuster Video or Theranos.
That being said, I think the failure of FTX could mean a lot of things. I believe other exchanges may fail as well. What I do know, is that an exchange failure like this is proof again that without regulation, crypto is a bad idea for 401(k) plans, no ifs, ands, or buts.
