Sam Bankman-Fried may be headed to prison but the story of FTX is far from over. Like an evil spirit, the exchange seems destined to haunt the crypto community for the rest of its days.
The Biggest Crypto Heists of 2022…So Far
Not only has the company’s downfall shattered faith in what was once the most trusted institution in the industry, but its epic implosion continues to call into question the most basic tenets of the web3 philosophy. Another example of this presented itself Friday when, only hours after SBF was remanded to the custody of the state, Bloomberg News reported that FTX advisers had been surrendering large amounts of user data to the FBI. If you know anything about the crypto community, it should be clear what a huge betrayal this is. Crypto fans obviously
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