Fried, the founder of FTX, ranked among the world's top 100 richest people at the age of only 29, with a net worth of US$16 billion. He was once known as the "coin prodigy". But he was eventually sentenced to 25 years for stealing $8 billion from customers.

In my opinion, the thunderstorm of FTX back then was most likely a chain reaction after the collapse of LUNA. By sorting out this matter, it is obvious that the root cause of the thunderstorm is: FTX is misappropriating user funds to make up for Alameda’s investment losses.

So where did Alameda's huge losses come from? Obviously, LUNA.

The collapse of FTX is actually very similar to that of LUNA: some bad news first circulated on the Internet, and then the project team came forward to "clarify" the issue. By the way, there were also strong platforms such as institutions or KOLs. But then, there was an uncontrollable plunge, which in turn triggered various projects to divest themselves of the relationship.

The market situation is often interconnected, and sometimes a thunderstorm in a hot spot will bring about a butterfly effect. A few days ago, ENTS's scam took away 20,000 BNB from retail investors. I wonder if it will bring some small shock to the currency circle before it is resolved?

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