> people were told that crypto was unregulated and anything could happen, people considered that a feature because $$$ Actually no, FTX promised customers that

> people were told that crypto was unregulated and anything could happen, people considered that a feature because $$$ Actually no, FTX promised customers that they would keep their assets 1 to 1 and not invest them in risky schemes. And then FTX did it anyway, completely contrary to the existing laws and regulations that are on the books. So even people not chasing "2000% return guaranteed" lost their stuff.