> If FTX isn’t crypto, then I guess Binance, Coinbase and Crypto.com aren’t crypto either? Indeed they're not. "cryptos" are cryptocurrencies, like Bitcoin. FT

> If FTX isn’t crypto, then I guess Binance, Coinbase and Crypto.com aren’t crypto either? Indeed they're not. "cryptos" are cryptocurrencies, like Bitcoin. FTX and alike are centralized exchanges (CEX). This confusion is like calling banks and Wall Street "the US Dollar". And when Madoff and Lehman Brothers happen, calling out on the USD instead of the fraudsters. The USD allows to do money laundering, fund terrorism and create scams, but that doesn't mean it is a scam itself, or that it should be banned, or that people who use the USD participate in a scam.