Lessons from the rise and fall of Sam Bankman-Fried and FTX

Published by
The Philadelphia Inquirer

Former cryptocurrency king Sam Bankman-Fried has grown quieter as he approaches his federal fraud and conspiracy trial this fall. The MIT-educated son of professor parents, whose relaxed profile graced magazine covers as he pledged billions for “effective altruism” and political campaigns, is no longer offering excuses for how his company, FTX, collapsed last winter, leaving investors and investigators scratching for $8 billion in missing funds. Brady Dale, who reported for CoinDesk, a website about the crypto economy, during FTX’s rise and then wrote about its collapse for online news site Ax…

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