> Is it because journalists do not understand crypto, like, at all? No, I think it's because they understand it well enough to know that if they call what FTX

> Is it because journalists do not understand crypto, like, at all? No, I think it's because they understand it well enough to know that if they call what FTX was doing a scam (which it was) then the entire house of cards will collapse because all of the other big crypto exchanges/lenders/yield farms/funds are doing the exact same thing. SBF laid it all out to Matt Levine on Odd Lots back in April. https://www.bloomberg.com/news/articles/2022-04-25/sam-bankman-fried-described-yield-farming-and-left-matt-levine-stunned https://www.bloomberg.com/news/articles/2022-04-25/sam-bankm...