$15 Billion to $0 If somehow you haven't heard the news about Sam Bankman-Fried (SBF), he was the Founder of the 2nd largest crypto exchange (FTX) that has had a complete collapse.  It appears that he may have co-mingled customer deposits to the point where all the value on the books was in his own crypto token FTT.  When news caught wind that he his competitor and  CEO of the largest crypto exchange, Binance, Changpeng Zhao (CZ) was going to sell his tokens, the price for FTT token collapse exposing that FTX co-mingled funds and couldn't meet customer withdrawals.  Currrently, the exchange is halted and users are waiting to see if they'll be able to get the crypto they deposited at the exchange. Possible Contagion Even if you didn't have any money or investments with FTX you still may be impacted.  For example, BlockFi was bailed out by them and now have frozen accounts.  Gemini, the only other major licensed crypto exchange in New York (besides Coinbase) ...