Hitting the Books: The abrupt and ignoble downfall of Sam Bankman-Fried

Seemingly overnight, Sam Bankman-Fried, the founder of FTX, went from cryptocurrency wunderkind to wanted for questioning by the FBI. After years of unfettered success, the walls of SBF's blockchain empire came crumbling down around him as his tricky financial feats failed and his generalized lack of accounting brought increasing scrutiny by regulators. In SBF: How the FTX Bankruptcy Unwound Crypto’s Very Bad Good Guy, veteran crypto reporter Brady Dale provides a scintillating and clarifying narrative of the entire FTX/Alameda Ventures saga. In the excerpt below, we glimpse in at the immediate aftermath of FTX's sudden insolvency.  WileyExcerpted with permission from the publisher, Wiley, from SBF: How the FTX Bankruptcy Unwound Crypto’s Very Bad Good Guy by Brady Dale. Copyright © 2023 by John Wiley & Sons, Inc. All rights reserved. This book is available wherever books and eBooks are sold.A Flood of Pure SBFWhen I wrote in Chapter 1, “I am drowning in Sam,” I was here, at this point in the story. I was then. I still am, but the tide is going out. I’m not back on land yet, but I know if I rest and I don’t fight it, the land will find me. I don’t need to find the land. Unlike SBF after CoinDesk’s Ian Allison released his post about Alameda’s balance sheet, I can see the shore from where I am.In late November and early December SBF would not leave the public eye. He was in magazines. He was in the New York Times. He was doing interviews on YouTube. He was on Twitter... Continue reading at 'Engadget'

[ Engadget | 2023-05-14 14:30:33 UTC ]

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New York Magazine digs into Hawaii media owner Pierre Omidyar, Civil Beat digs on buying nice things

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