The most important information to understand: "These blowups have not been crypto blowups, they have been banking blow-ups. "

First, who said that?

Mark Cuban: "These blowups have not been crypto blowups, they have been banking blow-ups. Lending to the wrong entity, misvaluations of collateral, arrogant arbs, followed by depositor runs. See Long Term Capital, Savings & Loan and Sub-Prime blowups. All different versions of the same story" (https://twitter.com/mcuban/status/1591470047499018241?s=20&t=gtNUVA4yqhb3VntbIkchzg )

Additionally it is important to understand that FTX was connected to stock markets via tokenized stocks, and it seems clear that those were used for manipulation on high-level.

Sources with more information (so this is not just "trust me bro", the information accumulating within two last days is already kind of a big deal):

https://www.linkedin.com/posts/canfxguru_you-need-to-understand-the-ftx-debacle-even-activity-6997040821044736000-aJN7?utm_source=share&utm_medium=member_desktop

https://twitter.com/BossBlunts1/status/1592040616212455425?s=20&t=aH3syY2\_rcOHyL\_bnary6g