the man who was supposed to save crypto

Earlier this year, much of the crypto industry imploded, taking with it billions of dollars. From that crash, one company and its charismatic founder emerged as the industry’s savior.

Last week, that company collapsed.

Who is Sam Bankman-Fried, how did he become the face of crypto, and why did so many believe in him?


David Yaffe-Bellany, a reporter covering cryptocurrencies and fintech for The New York Times.

The crash of the crypto market in the spring was bad, but the fall of Mr. Bankman-Fried’s FTX, one of the industry’s biggest companies, was arguably worse.
Erika P. Rodriguez for The New York Times

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David Yaffe-Bellany contributed reporting.

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