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The Times of India
The Times of India
Business
Bloomberg

FTX-Binance dal: Sam Bankman-Fried’s downfall stuns crypto world

Sam Bankman-Fried was supposed to be different than the run-of-the-mill crypto types. He was this wunderkind with a preternatural gift for math who had quickly built a crypto empire and then shrewdly expanded it during the worst of the industry’s meltdown this summer.

So the sudden collapse of his crown jewel -- the crypto exchange FTX.com, which now needs a bailout from its chief rival, Binance Holdings -- has left crypto investors in stunned disbelief.

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