A well managed and the well expressed post. You have written very well as always. I like your way of presenting the ideas.

This is also the important detail on why they went bankrupt, FTX is leveraging its own token with customers' assets, Exchanges are not supposed to back their assets using the customers token, so in this case, when FTX token known as FTT started taking the hit.

Yes, you have said well that it is one of the most important reason behind the bankruptcy of the FTX exchange platform. We all know that FTX platform was offering the margin trades with high leverages.

And when a token is leveraged with such high levels, there are many risks thay could lead to the loss for that token. The exactly same has happened with the FTT token and this is just due to the over-leveraging.

Thanks a lot for sharing with us and wishing you a very good luck for the contest ahead. 🤞