https://imgur.com/a/QQ13hUz

One other thing probably worth considering is that Tether (USDT) is presently de-pegged from the US Dollar.

Tether ultimately survived the stresses of the Luna / 3AC debacle back in the Spring, but it remains a risk of failure in the Crypto space.

I'm not 100% certain of how that episode may stack up against the failure of FTX, but I'm going to say this is likely a much bigger deal than just Luna and degen yield farming failure.

FTX supposedly "rescued" many of those who failed then, and I'm supposing their problems have not been completely unwound yet and will now just add fuel to the FTX fire.