Ladies and gentlemen … somehow this term existed before the FTX collapse. But we’re going to tell our kids this is where it came from. And if you’re a little confused … This should clear things up. FTX seems to be the straw that broke the camel's back. Politicians and lawmakers from both sides of the aisle are calling for more industry oversight. Crypto scams were pretty bad. But we draw the line when it comes to orgies in the workplace. In all seriousness, it’s truly shocking to see the once great Sam Bankman-Fried, crypto darling, topple from his thrown in such a dramatic sequence of events. And former critiques of regulation hold much less water as the third-largest exchange sinks deep below the waves. Here’s a Tweet with more info … |