“What the fuck did I get myself into?” : they lost everything (or almost) with the bankruptcy of FTX

“My kids told me: Dad, there’s Saint-Nicolas soon! And I burst into tears, because I won’t be able to give them gifts…” Jacques has been crying for four days, with “dark thoughts” in his head. He insisted that we change his first name, because he is already “ashamed” enough as it is. Jacques, 38, lives in Belgium. He has six children, aged 5 to 13, including two sets of twins. A month ago, he had placed all his savings and those of his children – 35,000 euros – on FTX, in order to make them grow, “as a good father”. But the flash bankruptcy of this gigantic cryptocurrency trading platform caused him to lose everything.