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Column: A cryptocurrency billionaire implodes, showing that the whole field is built on quicksand

Por: Los Angeles Times Business November 09, 2022

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For a while there, Sam Bankman-Fried looked like the real thing. Now 30, the MIT graduate had become the cryptocurrency ecosystem's most visible and credible billionaire, with a fortune estimated at more than $26 billion at its peak. Bankman-Fried looked like a political kingmaker, contributing nearly $900,000 to the Democratic National Committee in May 2022 alone. He portrayed himself as a philanthropy-minded plutocrat, committing himself... + full article



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