Commence the flood of idiots who learned nothing, and never will, until their accounts run dry.
Not a black swan.

(FTX & Alameda became insolvent in May)

^^ Not true, people have just forgotten — Cryptsy, Mintpal, BTC-e, dozens more — Far greater fraction of the top exchanges got drained last cycle.
Can’t be stupid when you see the clear signs.

Harsh. Correct.

Also correct.