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: • The Red Flags On ...
Forbes Explains What FTX Investors Stand To Lose:
• Forbes Explains W...
‘Devil In Nerd’s Clothes’: How Sam Bankman-Fried Fooled Everyone: • ‘Devil In Nerd’s ...
The Richest Person Under 30 In The World Wants To Give His Fortune Away: • The Richest Perso...
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Additional FTX Coverage From Forbes:
The Red Flags On FTX We All Seemed To Miss: • The Red Flags On ...
Forbes Explains What FTX Investors Stand To Lose:
• Forbes Explains W...
‘Devil In Nerd’s Clothes’: How Sam Bankman-Fried Fooled Everyone: • ‘Devil In Nerd’s ...
The Richest Person Under 30 In The World Wants To Give His Fortune Away: • The Richest Perso...
Subscribe to FORBES: https://www.youtube.com/user/Forbes?s...
Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.