The Greek tragedy unfolding in the financial press over the last week is the story of Sam Bankman-Fried, the would-be cryptocurrency tycoon and political kingmaker whose multibillion-dollar empire has sunk like the Titanic after its encounter with the iceberg.
Bloomberg put it this way: "Bankman-Fried's Assets Plummet From $16 Billion to Zero in Days."
The story under that headline reported that Bankman-Fried's entire fortune had been "wiped out" in "one of history's greatest-ever destructions of wealth."
