The Ghost of FTX Haunts Formula One

In this issue of the Bloomberg Crypto newsletter, a crypto tale of the walking dead from Emily Nicolle:

Watching Formula One’s United States Grand Prix earlier this month, you’d have been forgiven for thinking you were in a time loop, catapulted back before FTX’s demise and the spectacle of Sam Bankman-Fried telling a jury that poor management and not fraud was to blame for the collapse of his crypto exchange.

In fact, at least in the racing world, it sometimes appears as if the now-defunct crypto exchange never went bust at all.