And though many of you may have forgotten about the money stolen from depositors from Laika Bank and the Bank of Cyprus that the bank-owned mass media comically and immorally reported as a "haircut" instead of the straight-up theft that it was, even the final terms of this theft were opaque and less than transparent as media outlets reported the final theft at anywhere between 40% and 80% of all deposits at these banks that exceeded €100,000 in deposits.

In response to this massive theft (as I've never paid 80% of my savings account to receive a haircut), most people responded with apathy and "that won't happen to me" syndrome, though I explicitly stated that the 2013 fiasco in Cyprus was just the beginning of people being "cyprus'd" over and over and over again in the coming decade.

And surely, each succeeding cryptoexchange bankruptcy seemingly outpaces the last one in the breadth of its implosion crater and the number of people caught inside its implosion radius. In addition to the multi-billion dollar collapse of the FTX cryptocurrency exchange this month in which clients appear poised to lose billions of dollars, other notable cryptocurrency exchange collapses include the 2014 Mt. Gox Tokyo based exchange, the 2019 collapse of the largest Canadian cryptoexchange at the time, QuadrigaCX (which I extensively covered at the time), this year's collapse of the Voyager Digital exchange and the subsequent collapse of the Celsius lending platform, and of course the aforementioned recent collapse of the FTX exchange.