just like what happened with arthur anderson fell and i have a feeling the auditors and other parties involved, it will be chip after chip falling. >> so, anita, it is interesting because we keep getting incremental news and data long these stories. the latest just happened with bitstamp i'm looking at the twitter feed. in the last 20 minutes the exchange that trades many of the cryptocurrencies said we are halting the ftx token and cll. the celsius token on november 22nd, 2022 at 12:00 p.m. utc if you plan on forperforming mo trades, please do so before the deadline this is not anything surprising. these two tokens are from companies that are in extreme distress right now what are you going to expect, anita? what can we expect to see in terms of sentiment with crypto because of develop s like this? >> the inter cryptocurrency ecosystem is intertwined and all of the companies depend on one another. if one chip falls, they have influence over the industry and it will lead to the link and people will lose trust in cryptocurrency a lot of people were waiting for the moment a lot of peopl

don't know if this is an mf global or a one-off issue or an enron which hit energy market and hit arthur andersonit everybody madoff, if that is where you go with this, i don't want to say limited, but for the most part, limited to 1,000 people and institutions that got hit. it didn't have that which was the knock. >> it may have taken serven or eight years. they all got their money back. i don't know if that is the case here andrew, cryptocurrency is a new business these exchanges are new. usually, we don't want to see this exchange being accused of doing bad things thinning of the herd longer term is good for the business now, again, not happening in the way this happened. i think long term it can help kr cryptocurrency and some use beyond just trading overall. you know, they talk about crypto winter maybe they were looking for cryptocurrency spring. it may be in chicago for a little longer than we thought. >> linda and jj, thank you. >> thank you, andrew >>> spacex just bought a big ad ai on twitter. details when "squawk box" comes right back >> announcer: this cnbc program is sponsored by bai