Comparing $STRC or $MSTR to LUNA and FTX is straight up brain-dead.

Saylor might've over-leveraged and could eat some losses, but the mechanics are completely different. Unless $BTC goes to zero, this FUD will fade and the receipts are on-chain.

LUNA was an algo stablecoin death spiral. FTX was fraud. MSTR is leveraged $BTC exposure with transparent debt. Not the same game.