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FTX was undoubtedly a black swan event in the crypto industry. Nobody saw it coming. We saw a few small crypto projects / companies blow up prior to FTX, but to have the world's second largest exchange turn out to be a major fraud was completely out of left field.
Now, it seems everyone is waiting for the next black swan. Everyone is waiting for the next domino to fall.
In this clip from the podcast, Mitch and I talk about some attacks on other projects we've seen. For example, Curve was attacked through Aave shorting - estimated over $40m was used in the attack.
The attack proved unsuccessful but it shows a new PvP environment in the crypto market. Projects are teying to make other projects blow up. Whale wars have taken on a completely new meaning...
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