Editorial: Cryptocurrency stars can flame out. But they can’t take their customers with them
by The Editorial Board, Chicago Tribune
Nov 18, 2022
3 minutes
Out of nowhere, 30-year-old Sam Bankman-Fried became a billionaire mover and shaker in the world of cryptocurrency. Careful to make friends of powerful Democrats and media columnists alike, he threw money around the halls of Congress — and everywhere else he went — while threatening to disrupt Chicago’s financial futures industry.
Known by his initials, “SBF” is a billionaire no more. The house of cards he built over the past several years came crashing down in a matter of days.
His FTX crypto exchange and the entangled Alameda Research hedge
You’re reading a preview, subscribe to read more.
Start your free 30 days