This comment seems to be focused on the viability of any individual crypto, but that _shouldn't_ matter for the value of a company like FTX.

FTX has value because it has customers, growth, and most importantly: revenue.

If any one crypto goes bust then it shouldn't hurt FTX in the long run, unless they were leveraging that crypto to make unscrupulous bets. That very well could be happening via Alemeda.

So you may be right that this is destined to come crashing down, but it doesn't seem like the facts are proven yet