Cryptocurrencies
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
Photographer: Lam Yik/BloombergThis article is for subscribers only.
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.