Year of the tech grifter: will Silicon Valley ever learn from its mistakes?

The tech industry’s hype machine always trumpets a fresh new ‘genius’ – and it still hasn’t learned its lesson

It was a month of eerie parallels.

On 12 December, the disgraced crypto founder Sam Bankman-Fried was arrested on fraud charges in the Bahamas, marking a dramatic end to his reign as the head of the now defunct cryptocurrency exchange FTX.

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The tech industry’s hype machine always trumpets a fresh new ‘genius’ – and it still hasn’t learned its lesson
It was a month of eerie parallels.
On 12 December, the disgraced crypto founder Sam Bankman-Fried was arrested on fraud charges in the Bahamas, marking a dramatic end to his reign as the head of the now defunct cryptocurrency exchange FTX. Continue reading…Technology | The Guardian

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