Yet another crypto exchange run by yet another bombastic CEO collapsed.

Which brings us on to the million-dollar question we keep asking ourselves every single day: "are my funds safe?"

There's no fireproof answer. There are, however, 3 simple rules we can follow.

1. Diversify, diversify, diversify - not so much in terms of tokens (because most are just s**t) but in terms of where you keep them and you store them

2. The CEO is the key - if the CEO of the crypto exchange or crypto project tweets more often than they should. Or if they tweet something they shouldn't. Or if they're too eccentric, too 'out there', too arrogant then... RUN

Or am I the only noticing that the two biggest crypto projects that crashed this year - Terra and FTX - had one thing in common: a bombastic CEO.

3. Spend your crypto if you can - if you can, spend and accumulate. Accumulate. But also spend. If you earn interest on your crypto, then spend the interest.

I had $4 worth of BTC in FTX (literally) and $100 worth of LUNA before it crashed.

It's not the end of the world, but I wish I'd spent that money on beer or something. When I could.