Molly White, reporting on her brilliant site tracking all the happenings in the crypto/NFT world.

FTX files for bankruptcy, Sam Bankman-Fried resigns:

Aaaand there it goes.

FTX announced that it had filed for Chapter 11 bankruptcy in the United States. Sam Bankman-Fried resigned as CEO.

I wonder how all the Diamond Hands crypto HODL bros are feeling.

There’s only one thing worse than a Ponzi scheme, and that is being the one holding the “asset” when the music stops and there is no next fool in line.