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Bankman-Fried: From crypto king to king of tech bubble’s losers

November 13, 2022
Source: livemint.com livemint.com
News Snapshot:
Yet for all the potboiler twists, stunning revelations and anguished Twitter threads, it’s a fall from grace with an unmistakable ring of familiarity. The whirlwind week that began with two crypto CEOs tweeting barbs ended with the bankruptcy of FTX, one of the largest and most prominent crypto exchanges, along with around 130 other companies that it owned. The business had been desperately trying to cover a shortfall of as much as $8 billion, with the specifics of its failure -- now subject to multiple investigations -- yet to be revealed. This much is clear: Like Enron, WorldCom and Lehman...
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Tags: acquisition | AMC | bitcoin | blockchain | Chinese | Covid-19 | crypto | Economy | education | entertainment | finance | financial crisis | fintech | fraud | investment | London | Pandemic | social media | Software | stocks | technology | Twitter | university | venture capital | Washington

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