Answered: 6 questions about the fall of FTX
Summary‘Smart’ people don’t always do smart things. So, don’t follow them and bet on extremely speculative assets like crypto.
On 11 November, FTX, the third largest crypto exchange up until then, filed for bankruptcy. This made the crypto winter even colder than it already was. Like stock market investors referring to a downturn in stock prices as a bear market, the crypto guys call it a winter.