> What am I missing? That most of them, not all of them but, by very far, most of them are downright scams, planned as scams from day one, just like in the FTX

> What am I missing? That most of them, not all of them but, by very far, most of them are downright scams, planned as scams from day one, just like in the FTX case. Evidence is mounting quickly that both Alameda Research and FTX were mounted as scams (despite the narrative that's going to be sold that it was bad luck / bad trades that sent them in a death spiral). There are people who warned about the very scam Alameda and FTX were putting the very day FTX launched.