A crypto bro’s spectacular fall from grace
As falls from grace go, it’s hard to think of one more spectacular than that of Sam Bankman-Fried. As recently as June, the 30-year-old FTX founder was being hailed as the “JP Morgan of millennials”. SBF, as he was universally known, was even rumoured to be mulling the buyout of the stock-trading platform Robinhood. Yet by November, his $32bn exchange had collapsed into bankruptcy, with an $8bn hole in customer deposits.
SBF, who is now awaiting extradition on multiple counts of fraud, “built a house of cards on a foundation
