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Bankman-Fried: From Crypto King to King of Tech Bubble’s Losers

  • Echoes of Enron and Lehman mark the demise of his FTX empire
  • Easy money, hubris and lax regulation precede fall from grace
Sam Bankman-Fried

Sam Bankman-Fried

Photographer: Lam Yik/Bloomberg

Few could have anticipated the sudden collapse of Sam Bankman-Fried’s multibillion-dollar crypto empire.

Yet for all the twists, revelations and anguished Twitter threads, it’s a fall from grace with an unmistakable ring of familiarity.