
More major disappointment and failure has beset the crypto space this week. Sam Bankman-Fried was once the wunderkind of Web3 until a public statement on crypto regulation put him out of the good graces of the majority of the blockchain community.
Little did we know that Bankman-Fried's unpopular public statements were a warm-up act for the swan dive that would follow, taking FTX Exchange (CRYPTO: FTT) and the price of Bitcoin (CRYPTO: BTC) — and alt network coins like Solana (CRYPTO: SOL) — with it.