The implosion of the exchange FTX shows how an industry built in the wake of the 2008 financial crisis has drifted far from its original ideals.
Tag: Regulation and Deregulation of Industry
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Elon Musk Hopes to Test a Brain Implant in Humans Next Year
The tech multibillionaire said his company, Neuralink, was seeking government approval to test his device in people, and predicted it could happen in six months. Others have been conducting similar tests for years, but no device has been marketed commercially.
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Sam Bankman-Fried Interview: Read the Transcript
In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange.
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BlockFi Files for Bankruptcy as FTX Fallout Spreads
BlockFi was financially entangled with FTX, and its stability was thrust into uncertainty after FTX collapsed.
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Idle Crypto Is the Devil’s Workshop
Sam Bankman-Fried’s downfall is spectacular and interesting, but it’s really nothing new.