this post was submitted on 28 Mar 2024
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[–] ThrowawayPermanente@sh.itjust.works 7 points 8 months ago (1 children)

That was probably the large majority. Anybody who knew what they were doing didn't leave their money on FTX.

[–] dgerard@awful.systems 8 points 8 months ago (1 children)

the fall of FTX took out large swathes of the remaining crypto economy, especially in Africa. Everyone just used FTX as a shitty bank.

but then, if they knew what they were doing, they wouldn't have gone near crypto

Well yeah, you're right, it was more than just an exchange failing