FTX, the world's second largest cryptocurrency exchange with a market capitalization of US$32B imploded last week. If you have been following the story, you probably have capital invested in crypto. After all, this year has been full of crypto implosions as the entire industry collapsed from the cascading effects of deleveraging, margin calls and forced selling. Earlier this year, the incident surrounding Terra/LUNA UST wiped out many individuals and lending institutions like Celsius Network, Voyager and Hodlnaut - who borrowed to lend at 20% APY on Anchor Protocol, only to realise that it claimed yields backed by nothing but its token that had an infinite supply. It didn't only affect those who deposited into Anchor directly, but also those who deposited in other lending institutions or VCs that deposited into Anchor Protocol. We saw the failure of 3 Arrows Capital (3AC), and other companies that lent funds to 3AC. Liquidity mismatch,...