Sam Bankman-Friedmay be headed to prisonbut the story of FTX is far from over.
If you know anything about the crypto community, it should be clear what a huge betrayal this is.
It certainly wont be the last.
Photo: Michael M. Santiago (Getty Images)
Once upon a time web3 proponents talked zealously of their products potential to change the world.
You dont hear so much about that anymore.
Not long afterward, it became apparent that billions in crypto assets were MIA.
But, frankly, the companys downfall really shouldnt be that surprising.
Im not keeping an official tally or anything, but it sorta seems like itsa lot of them.
Relatedly, can we like send thecult of the crypto leaderinto permanent exile alongside SBF?
Its obvious now how irresponsible that was.
But thats probably not going to be the case.
In the immortalwords of George W. Bush, Ya fool me, we cant get fooled again.
If only he were right.
News from the future, delivered to your present.
Justice Department Says It Will Pull Back on Prosecuting Crypto Fraud
What could go wrong?
