I don’t believe FTX represents the true purpose or ethos of crypto, but nonetheless they have done immense damage to retail users, institutions and the image of the space.

This too will pass, and the case for DeFi has never been stronger.

This week's 5 Alpha Tweets 🧵

1. What happened?

First, this is a recap on how we got here. We now know that FTX and FTX US have filed for bankruptcy.

This is probably the best thread on how this all went down.

2. A true crypto leader

The founder of Kraken released his thoughts on the situation. It’s an essential read if you care about crypto.

3. DeFi not CeFi

You know the mantra: not your keys, not your crypto.

DeFi allows you to trust code, not people.

Marc shows the different DeFi platforms you can use instead of CeFi:

4. A rant on investing

What investing really means in crypto terms.

5. What happens next?

We now know that no-one is coming to bailout FTX, but Arthur offers up his thoughts on the consequences and what levels the crypto OGs are looking for.

Thanks to all of the writers for the content! 🙏

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alphapls.substack.com/p/5-alpha-tweets-how-did-ftx-collapse

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I have massively benefited from their dashboards.

They are building products which make crypto more transparent and accessible to everyone. This is exactly what we need right now.

Great team building through the bear.