{"id":11677,"date":"2023-09-25T16:38:25","date_gmt":"2023-09-25T14:38:25","guid":{"rendered":"https:\/\/costops.com\/index.php\/2023\/09\/25\/crypto-king-or-conman-is-sam-bankman-fried-about-to-be-sent-down-for-a-century\/"},"modified":"2023-09-25T16:38:25","modified_gmt":"2023-09-25T14:38:25","slug":"crypto-king-or-conman-is-sam-bankman-fried-about-to-be-sent-down-for-a-century","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2023\/09\/25\/crypto-king-or-conman-is-sam-bankman-fried-about-to-be-sent-down-for-a-century\/","title":{"rendered":"Crypto king or conman: is Sam Bankman-Fried about to be sent down for a century?"},"content":{"rendered":"

His company managed billions in assets and made him one of the world\u2019s richest people. Then, almost overnight, it collapsed. With a fraud trial beginning next week, a documentary asks how he bewitched so many<\/p>\n

Sunil Kavuri is not a novice investor. Sure, he hasn\u2019t always been involved in finance: 20 years ago, he was a model. He and his identical twin brother were the stuff of local newspaper human-interest stories, straight-A lads from Rugby in Warwickshire who got firsts in economics, were both on the way to do master\u2019s degrees in finance at Cambridge and got picked up by O2 to do the adverts for Big Brother. You might remember the ad: two floppy-haired guys horseplaying on a sofa.<\/p>\n

After that, though, Kavuri worked for Deutsche Bank, Morgan Stanley and then JP Morgan, leaving in 2012 to do his own investing. In 2015, he started investing in cryptocurrencies, mainly bitcoin, which he saw as \u201cdigital gold\u201d: \u201cIt has all the attributes of gold, but it\u2019s easier to store, so it\u2019s better than gold.\u201d The premise of bitcoin is that the supply is fixed at 21m, so it\u2019s a finite resource. \u201cI saw bitcoin as a better, more portable version,\u201d he says. \u201cIt has finance supply, it\u2019s perfectly divisible, it\u2019s fungible.\u201d<\/p>\n

Continue reading…<\/a>
\nHis company managed billions in assets and made him one of the world\u2019s richest people. Then, almost overnight, it collapsed. With a fraud trial beginning next week, a documentary asks how he bewitched so many
\nSunil Kavuri is not a novice investor. Sure, he hasn\u2019t always been involved in finance: 20 years ago, he was a model. He and his identical twin brother were the stuff of local newspaper human-interest stories, straight-A lads from Rugby in Warwickshire who got firsts in economics, were both on the way to do master\u2019s degrees in finance at Cambridge and got picked up by O2 to do the adverts for Big Brother. You might remember the ad: two floppy-haired guys horseplaying on a sofa.
\nAfter that, though, Kavuri worked for Deutsche Bank, Morgan Stanley and then JP Morgan, leaving in 2012 to do his own investing. In 2015, he started investing in cryptocurrencies, mainly bitcoin, which he saw as \u201cdigital gold\u201d: \u201cIt has all the attributes of gold, but it\u2019s easier to store, so it\u2019s better than gold.\u201d The premise of bitcoin is that the supply is fixed at 21m, so it\u2019s a finite resource. \u201cI saw bitcoin as a better, more portable version,\u201d he says. \u201cIt has finance supply, it\u2019s perfectly divisible, it\u2019s fungible.\u201d Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

His company managed billions in assets and made him one of the world\u2019s richest people. Then, almost overnight, it collapsed. With a fraud trial beginning next week, a documentary asks how he bewitched so many Sunil Kavuri is not a novice investor. Sure, he hasn\u2019t always been involved in finance: 20 years ago, he was …<\/p>\n

Crypto king or conman: is Sam Bankman-Fried about to be sent down for a century?<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":11678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/11677"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=11677"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/11677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/11678"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=11677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=11677"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=11677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}