Crypto assets on FTX burning to the ground FTX has been exposed as a fraud and is now bankrupt. I have lost my funds on FTX, although I withdrew most of it before the collapse. I owe it to myself to reflect deeply on this event. I also owe it to my readers because I wrote 2 positive articles(1, 2) on FTX in the past. I was not paid a single cent for writing the articles. I wrote them on this financial blog because I was a happy customer of FTX. Some people gloat over the investment losses of others. Some people get resentful when others are profitable. I do not wish to indulge either group. Hence, I do not wish to talk about how much I eventually made or lost from FTX. This information is relevant only to me. The important content is the lessons to be learnt from this disaster. Why was I so enthusiastic about FTX?...