With the so-called “King of Crypto” about to go on trial for multiple fraud charges, one British man tells how the collapse of Sam Bankman-Fried’s company lost him a fortune.
Until the final collapse, Sunil Kavuri hoped that Sam Bankman-Fried could turn things around.
The King of Crypto’s empire was faltering but while others panicked, Kavuri remained calm.
Experience in trading for banks and investing his money in crypto made him hardened to market dramas.
Going to be an interesting trial.
I thought Elizabeth Holmes got off with a fairly light sentence (11 years) despite defrauding members of the ruling class.
Sammy may be facing worse despite greasing Democrat Party palms and his parents connections.
