FTX’s Claim to Credibility Was a Family Affair
Sam Bankman-Fried’s parents helped boost the credibility of their son and his now-fallen companies.
Photographer: Stefani Reynolds/BloombergIn this edition of the Bloomberg Crypto newsletter, Hannah Miller probes the nature of family ties at FTX:
When you’re operating in an industry so unregulated it’s dubbed the “Wild West,” anything that helps support the notion that you are more in line with the sheriff than the outlaws can help you stand out.