Commentary
There has always been a great deal of fishiness surrounding the blowup of the crypto exchange FTX and its founder Sam Bankman-Fried. The company seemed to appear out of nowhere. In the crypto industry, in which I’ve been hanging around for 10 years, he was a complete unknown. And yet his company quickly became one of the leading exchanges in the world before going belly up in a spectacular meltdown following midterm elections.
The company was hyper-political. His brother ran a “nonprofit” that dished out millions to lefty politicians under the guise of promoting “pandemic planning.” His parents are well-connected Stanford University law professors. His aunt was Dean of Public Health at Columbia University and a well-known author and researcher….