What Sam Bankman-Fried And Bernie Madoff Have In Common
WASHINGTON, DC – DECEMBER 08: CEO of FTX Sam Bankman-Fried testifies during a hearing before the … [+]
It’s easy to describe the FTX scam as “unprecedented.” After all, concepts like blockchain or cryptocurrency haven’t been around for decades, let alone centuries.
But it is anything but unprecedented. I have followed the crypto space closely in recent years and, while it is a unique segment of the overall market, it is not immune to the lessons of history.
As the pressure began to mount on FTX founder and CEO Sam Bankman-Fried, my wife happened to express interest in watching the four-part…
