First published by Money Metals Exchange here: https://www.moneymetals.com/news/2022/11/21/ftx-collapse-reconfirms-bitcoin-is-not-digital-gold-002631

John Ray III oversaw the bankruptcy liquidation of Enron when the giant energy trading firm collapsed in an inferno of fraud and malfeasance in 2001. Last week, Ray was appointed to handle the unwinding of the cryptocurrency exchange FTX . He had the following to say, and it's a lot given his experience.