I'll say tokens are double edge sword, some may experience profit when it still pumping, but most experience its sharpness when it is in the process of dumping most of the time.
Because they're toxic, if not poison, as said. Complete lack of utility of a token (besides being fundamentally speculative) means it's in the boundaries of fraud.
What exactly happened to Ftx exchange? Was it hacked before knowing it went backrupt or went bankrupt and got hacked of whatever little coins that had reminded in their wallets??
According to them, they went bankrupt, and then got hacked. Whatever the sense that makes.