You should have read the headlines of crypto exchange, FTX, running into liquidity issue and is in talks for Binance to buy it out. Investors thought the worst was behind them, only to have met with another major blow. And this blow is a big shock. Here’s why. #1 FTX is huge FTX at one point was the second largest crypto exchange, behind Binance. FTX’s impact to the crypto ecosystem ranks amongst the top casualties:

• Terra Luna – $40 billion
• FTX – $32 billion (last valuation in Feb 2022)
• Celsius – $25 billion
• Three Arrows – $10 billion

#2 Sam Bankman-Fried had a god-like status in the crypto world Founder and CEO of FTX, Sam Bankman-Fried (SBF) has gained a lot of clout and a positive image over the years. He built FTX into the second largest exchange and amassed a $15.6 billion net worth. He gave away money which shows he has a good heart. He appeared in media often and recently on David Rubenstein’s show...