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Message: <blockquote data-quote="Traxion" data-source="post: 354265" data-attributes="member: 983"><p>The FTX failure is like Enron.  But the opposite in that it wasn’t a systemic, purposeful fraud.  It was a complete crap show with no internal governance, leadership, or hardly even formal accounting.  They have no idea what they even have for cash right now. A bunch of people got in way over their head as things grew way too fast.  It sounds like several other crypto exchanges are in the brink too.  I agree with Allen that this will significantly degrade crypto confidence.  Maybe an opportunity to buy if you’re a believer.  But it’s going to be a rocky road ahead I think.</p></blockquote><p></p>

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