0 sats \ 0 replies \ @NorthKoreanHostage 7 Dec 2022 \ on: FTX’s Collapse Was a Crime, Not an Accident by David Z. Morris bitcoin
How did the customers contribute to being scammed?
They bought crypto that wasn't Bitcoin and kept it in someone else's unregulated crypto bank (called an exchange).
How to prevent getting scammed.
Just buy Bitcoin and self custody it. Simple. No leverage, no counterparty risk, no dilution risk, no risk of a protocol change.
These are the lessons we need to be blasting to the public.