I hate how the FTX crash now encourages people to think crypto is a ponzi scheme

In crypto a Ponzi scheme would be any new meme coin/token made that gets hyped up to be more than what it really is.

Now when you got an exchange like FTX that used consumer personal funds for personal gains it is in all respects a Ponzi scheme now what if it was Robinhood or some other big Stock exchange where people don’t actually own the stock in question which is very much like any crypto exchange when you think about it.

What if one of these stock exchange companies did exactly what FTX did they would just be in deeper legal trouble.

FTX Hopefully gets forgotten like Onecoin.

Personally I consider any crypto that had held a top 10 status for 5 years or longer to be a stable coin with minimum risk.