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hey everyone so it is Wednesday November 16th and I just wanted to talk about the key events that led to the collapse of FTX thereamp;#39;s no way you donamp;#39;t know about FTX by now it uh basically became insolvent filed for bankruptcy and thereamp;#39;s been Ripple effects across the industry 200 billion dollars wiped off the map from the total crypto market cap okay so thatamp;#39;s 20 and this is very reminiscent of what happened with Tara Luna right the crypto lost his Peg right and then Lunaamp;#39;s price crashed they were in solvency issues mainly because companies mismanage their risk right uh started with three arrows capital and then that had a ripple effect across the industry FTX in this case also mismanaged funds and took really risky bets and people have to pay the price for it now a lot of people lost their money people losing their jobs and just to give you a very high level chronology of events Sam bakeman free started on Madea research in 2017 thatamp;#39;s