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Axios
Axios
Business

Crypto's Enron-sized scandal threatens to undermine its core reason to exist

Enron Crypto FTX Deficit

Crypto has an Enron-sized scandal that threatens to completely undermine the trust proposition for its existence, regardless of Sam Bankman Fried's mea culpa tour.

Why it matters: The house of cards built by Bankman-Fried has drawn several parallels, including Enron, Theranos, Bear Stearns, Lehman Brothers and Madoff Investment Securities.

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