Matt Levine, Columnist

HyperFund Had More to Lose Than to Gain

Also auditor independence, transferable tax credits, art valuation, metaverse vs. AI and college admissions pricing.

January 30, 2024 at 7:24 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

Provide news feedback or report an error

Site feedback:

Take our Survey

If I ran the crypto enforcement unit at the US Securities and Exchange Commission, and I were as crypto-skeptical as the actual SEC seems to be, I guess I would want my cases to divide roughly evenly into two categories:

Category 2 is important for a couple of reasons. For one thing, those cases are fun for the lawyers. Also you’ll probably win. Also people do seem to lose a lot of money to wild crypto scams, and it’s nice to get some back for them.