Crypto Tears- why your crpto friends crying

Crypto Armageddon, Crypto 2008, judgement day… and many more are some of the words being used to describe what is currently going on in the crypto world right now. A time of gnashing of teeth, pain, difficult realisation and an awful sinking feeling in the stomach of investors watching their net worth and life savings crumble. Why is this happening in case you’re not familiar with the crypto space, why have you been hearing of FTX a lot more lately?