What To Know About The Collapse Of FTX

  • 📰 TheOnion
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The practically overnight collapse of cryptocurrency exchange FTX has set off a host of questions about its founder, Sam Bankman-Fried, and the future of cryptocurrency, which can all be very confusing to people who aren’t that smart. The Onion translates what happened at FTX into answers that even our dumbest readers…

A: No, using them to prop up a series of increasingly risky financial maneuvers is precisely why people invest in crypto.A: A movement to allocate one’s money to where it can do the most benefit for oneself.A: No, Congress only bails out reputable gambling firms.

Q: So if FTX is bankrupt, which exchange is more trustworthy for my remaining crypto assets, Coincheck or Bitstamp?Q: How will regulators monitor the crypto industry to protect investors?Q: Does FTX’s collapse mean cryptocurrency is dead? A: No, thankfully there will always be people out there who believe in the power of getting swindled.

 

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Not even parody, this article is like real advice for Crypto 🤣🤣🤣

Why not make up a new digital coin, put a fake value on it, and offset his loses?

😂 gonna need an onion of the onion. It’s not even satire anymore. We live in 🤡🌎 fr

Q: Will defrauded customers get any money back? A: no, it was donated to the Democrat party and they like it

🤣🤣🤣🤣🤣

Quit shilling for your hero and learn to be funny again

i thought this was supposed to be fake news

Holy guacamole! Who knew that fake money was fake?

Money Laundering to the Big Guy and Democrats

Is it about how ugly this dude is? Because he's quickly becoming the worst part of my timeline.

I love the Onion

It was entirely predictable. That's all anyone really needs to know.

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