This year’s staggering losses in the crypto market were underscored by the sudden collapse of the crypto-currency exchange FTX. The catastrophic fallout has drawn comparisons between FTX founder Sam Bankman-Fried and infamous Ponzi scammer Bernie Madoff. But preoccupation with the ins and outs of the fallout overlooks a sad truth: these schemes often reveal as much about the victims as they do about the perpetrators.
A great read! Thanks for contributing this piece, Christopher.