Mt. Gox was inexperienced kids with two weeks more insight into the process than everyone else fucking up. The end result was normies lost money. Was there a hacker on the inside? Probably.

FTX is inexperienced kids with two parents' more nepotism into the process than everyone else fucking up. The end result was rich fucks lost money. Was there a hacker on the inside? Probably.

A better comparison is Madoff - Madoff's clients thought they had an edge because Bernie Madoff was an insider (he was the chairman of FINRA's predecessor), FTX's clients thought they had an edge because their money was next to Sequoia's.

The funny thing is that this isn't a crypto problem - all the shadiness has been normie bank money while all the transparency has come from the blockchain. If you aren't on FTX none of this matters. If you weren't so stupid that you bought Solana, none of this matters.

And that's really the bottom line for me - I am becoming increasingly frustrated by the amount of world process controlled by rich kids who face no fucking risk. The rest of us have to work at it and most of our shit will never be seen because we didn't go to summer camp with Chelsea Clinton or some shit.