The Japanese have a saying: “The misfortune of others tastes like honey.” Some who have been following the ongoing morality tale in the financial world may be savouring that honeyed sensation.
The hitherto tech wunderkind Sam Bankman-Fried, who had been lauded as a different kind of crypto titan and messiah, one who advocated for regulation and accountability in the Wild West of the cryptocurrency world, and who had pledged to give away most of his earnings to charitable and liberal causes, is now seen as a grifter operating one of the world’s largest Ponzi schemes.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you