Amongst some crypto journalists, there’s a sense the continued legal trial of disgraced FTX founder Sam Bankman-Fried could be the final nice crypto trial. FTX’s implosion, and the next market contagion and damaging suggestions loop of media protection it kick began, has achieved the blockchain trade irreparable injury. The dimensions of the estimated losses to FTX buyers and customers would, if convicted, place Bankman-Fried among the many largest monetary frauds in historical past. And, as many mentioned, for higher or worse, crypto is on the stand alongside him.
