It has been expressed as: "There's a sucker born every minute, and two to take his money."

We have the best financial regulators money can buy. Perhaps we should try finding some folks who understand accounting and integrity, instead.

That's exactly it...this is base human nature.

Very difficult to fix.

There is a giant pension fund in Canada which had $150M locked up in Celsius earn. We're talking actual professional fund managers who thought it was a good opportunity. The grift was good and it was probably more massive than FTX.