Lessons from FTX

FILE PHOTO: Representations of cryptocurrencies are seen in front of displayed FTX logo in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

I have avoided writing about cryptocurrency for the longest time. It can be a very divisive topic, especially depending on which side of the fence you are sitting on.

But the implosion of cryptocurrency exchange FTX, founded by Sam Bankman-Fried, has important investment lessons for investors to consider.