Roan, you do not really need to understand crypto at all on what happened with FTX. They took customers money, gave it to the parent company, Alameda, who gave them in return tokens of quesionable value and use, and did not tell the customers their money was being rehypothecated. Now, you couple that with several visits to the white house, being Bidens 2nd largest donor, and you can see the goofy girl that was the CEO, his mom being Clinton's lawyer, on and on, this is way beyond just crypto. Like I said, a lot more to come on this one and I believe in the end, is a good thing for crypto as it sits, if they use it to be a cleansing of bad actors and wake people up that centralized laws will only make things worse and less free.
The funny thing was, this guy SBF as he is known, was the biggest voice along with Gary Gensler for more regulation, to basically put themselves in charge of the whole crypto space. The opposite of what most involved want.