King TUT: FTX and Trustless Utility Tokens

Separating crypto’s unsalvageable sublimate from its redeemable remnants

In case you missed it, FTX filed for bankruptcy and its cofounder/CEO Sam Bankman-Fried (SBF) is now in custody. I’m not going to recount the whole background or circumstances regarding that accelerated collapse of the world’s second largest crypto exchange — for which a…