I know many of us may be sick of hearing about FTX, but here is a statement from the new CEO in his bankruptcy proceeding declaration (): "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented." FTX had no Board of Directors, yet very reputable VCs still invested hundreds of millions. It appears that SBF may have also invested hundreds of millions as an LP into those same VCs, so I'm interested to see how the regulators/community will ultimately scrutinize those relationships when all facts are disclosed. These situations remind me of the importance of the Mensarius Oath.