The fall of FTX and Sam Bankman-Fried revealed holes in the crypto space that industry peers, the media, and government officials either chose to overlook or refused to question further. Underneath FTX’s successful veneer was a fragile ecosystem led by young, ambitious founders determined to move mountains under the guise of Effective Altruism – an academic and social movement geared around maximizing wealth redistribution. But as Bankman-Fried’s operation continues to unravel and more damaging information comes to light – what is in store for the future of cryptocurrency, and is the loss in public trust irreversible?
Additional FTX Coverage From Forbes:
The Red Flags On FTX We All Seemed To Miss: https://youtu.be/GFC8c89mDrQ
Forbes Explains What FTX Investors Stand To Lose:
‘Devil In Nerd’s Clothes’: How Sam Bankman-Fried Fooled Everyone: https://youtu.be/TQ7g7kZUmX0
The Richest Person Under 30 In The World Wants To Give His Fortune Away: https://youtu.be/wo-nJi36biQ
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