CEX is here for profit and nothing more, so everything they say should be taken with a grain of salt. When we add someone like Bankman to that, then the whole thing looks even more tragic considering his real competence to run such a company. What these people are really good at is creating worthless tokens, and that's something they have in common when it comes to selling their nonsensical ideas to anyone naive enough to believe in them.

It really amazes me that such a company could even do business in the US, because what we are seeing now, someone should have noticed and reacted earlier and prevented everything from going to hell. How realistic is it that no one knew about all these illogicalities within FTX until it was too late, isn't there someone who oversees such things?