What crypto (still) gets wrong

© The Financial Times Limited 2024. All Rights Reserved. Not to be redistributed, copied or modified in any way. Jay Gatsby, Albert Einstein, Frodo Baggins, John Pierpont Morgan, Michael Jordan, Bill Gates, Elon Musk, Mark Zuckerberg, Warren Buffett, Michael Milken, Bernard Madoff, Charles Ponzi — the list of people to whom Sam Bankman-Fried has been […]

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What crypto (still) gets wrong

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The Financial Times

© The Financial Times Limited 2024. All Rights Reserved.

Not to be redistributed, copied or modified in any way.

Jay Gatsby, Albert Einstein, Frodo Baggins, John Pierpont Morgan, Michael Jordan, Bill Gates, Elon Musk, Mark Zuckerberg, Warren Buffett, Michael Milken, Bernard Madoff, Charles Ponzi — the list of people to whom Sam Bankman-Fried has been compared is an extraordinary one.

He seems destined to be remembered alongside those last three names, after being convicted of what prosecutors called “one of the largest financial frauds in American history”. The Californian, who has just turned 32, is set to be sentenced this month on charges that could see him spend decades behind bars.

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