Archive: venture capitalist

Crypto Markets Spiral on FTX’s Bankruptcy News

By Vin Narayanan on November 16, 2022

Someday, there will be a Netflix documentary about Sam Bankman-Fried. SBF — as he’s known in crypto circles — was worth more than $14 billion about 10 days ago. Today, the founder and former CEO of popular crypto exchange FTX is bankrupt. SBF’s stunning fall from grace is the result of a scandal that’s one part Theranos, one part Enron and one part Lehman Brothers. And the crypto markets are tumbling thanks to his malfeasance. What Happened…