FTX Kept Your Crypto in a Crypt Not a Vault
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The rise and fall of Sam Bankman-Fried is a tale of the way we live now — tweeting, not reading.
Sam Bankman-Fried doesn't read books. As he explained in a profile on Sequoia Capital's website (which will be an assigned text in journalism courses for the rest of time), “I would never read a book.” “I'm very skeptical of books,” he said. “I don't want to say no book is ever worth reading, but I actually do believe something pretty close to that.”This error is not irremediable, because Bankman-Fried, founder of the now-defunct crypto exchange FTX, is likely soon to have a lot of time for reading. I, by contrast, as the author of many books, am very skeptical of Sam Bankman-Fried. As I noted on May 1: “There is a great deal of loose talk among the crypto bros.” How about this fr...