The rise and fall of the ‘crypto king’ is a damning indictment of our entire financial system.
Last week, Sam Bankman-Fried, the former chief executive and founder of cryptocurrency exchange FTX, was convicted of fraud and money laundering following a month-long trial in New York. SBF – or the ‘crypto king’, as he is sometimes known – was arrested last year when FTX went bankrupt and some $8 billion in customer funds went missing. He now faces decades in jail.
