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the FTX situation got worse itamp;#39;s roughly an 8 to 10 billion dollar hole just on the FTX side binance is backing out of the deals citing mishandling of customer funds and also the SEC is beginning an investigation the 2008 financial crisis you saw a number of bilateral bespoke non-reported uh transactions happening between Financial counterparties which then got repackaged and re-leveraged again and again and again such that no one knew how much risk was in that system itamp;#39;s a crisis so liquidity crisis a solvency crisis Finance clearly doesnamp;#39;t want to deal with that but the question is who will if anybody these are the investors BlackRock Sequoia the Ontario teachers pension fund and or stomprady and of course retail investors too FTX is supposed to be a good thing it was supposed to be safe Singapore State might step in FTX might declare bankruptcy 10 billion dollars everyone is Invincible until they arenamp;#39;t
