The King of Cryptocurrency Finds Himself Without a Throne

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The Street

By Luc Olinga Former trader Sam Bankman-Fried, 30, was still on top of the crypto world on November 8 until 11:02 a.m. ET. No long live the king, because the throne seems to have instantly vanished from everyone’s view. The king’s court and his subjects are still in shock, dumbfounded by the fall of their lord. They do not believe their eyes because everything went so quickly. And even in this realm of intrigue, where news travels fast, no one saw it coming. It will take them a long time to piece together what has just happened to their king, who is still down. The king, who is usually talkati…

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