{"id":7879,"date":"2022-11-15T11:37:19","date_gmt":"2022-11-15T10:37:19","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/11\/15\/sam-bankman-fried-was-hailed-as-a-crypto-wonder-child-what-happened-david-gerard\/"},"modified":"2022-11-15T11:37:19","modified_gmt":"2022-11-15T10:37:19","slug":"sam-bankman-fried-was-hailed-as-a-crypto-wonder-child-what-happened-david-gerard","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/11\/15\/sam-bankman-fried-was-hailed-as-a-crypto-wonder-child-what-happened-david-gerard\/","title":{"rendered":"Sam Bankman-Fried was hailed as a crypto wonder child. What happened? | David Gerard"},"content":{"rendered":"

Bankman-Fried promoted himself as an eccentric genius. In reality, his image was a distraction from what was going on inside FTX<\/p>\n

Last Tuesday, FTX, the second-largest cryptocurrency exchange in the world, closed withdrawals, blaming \u201csevere liquidity problems\u201d. By Friday, FTX had filed for bankruptcy.<\/p>\n

After a stupendously profitable asset bubble in 2021, the cryptocurrency industry suffered harsh reversals in 2022. A string of high-profile collapses \u2013 Terra-Luna<\/a>, Three Arrows Capital<\/a>, Celsius Network<\/a>, Voyager Digital<\/a> \u2013 lost investors a fortune, tanked prices and demolished market confidence. But FTX\u2019s sudden collapse caught almost everyone by surprise.<\/p>\n

David Gerard is the author of Attack of the 50 Foot Blockchain (2017) and Libra Shrugged (2020). He writes the cryptocurrency and blockchain news site Attack of the 50 Foot Blockchain<\/p>\n

Continue reading…<\/a>
\nBankman-Fried promoted himself as an eccentric genius. In reality, his image was a distraction from what was going on inside FTX
\nLast Tuesday, FTX, the second-largest cryptocurrency exchange in the world, closed withdrawals, blaming \u201csevere liquidity problems\u201d. By Friday, FTX had filed for bankruptcy.
\nAfter a stupendously profitable asset bubble in 2021, the cryptocurrency industry suffered harsh reversals in 2022. A string of high-profile collapses \u2013 Terra-Luna, Three Arrows Capital, Celsius Network, Voyager Digital \u2013 lost investors a fortune, tanked prices and demolished market confidence. But FTX\u2019s sudden collapse caught almost everyone by surprise.
\nDavid Gerard is the author of Attack of the 50 Foot Blockchain (2017) and Libra Shrugged (2020). He writes the cryptocurrency and blockchain news site Attack of the 50 Foot Blockchain Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Bankman-Fried promoted himself as an eccentric genius. In reality, his image was a distraction from what was going on inside FTX Last Tuesday, FTX, the second-largest cryptocurrency exchange in the world, closed withdrawals, blaming \u201csevere liquidity problems\u201d. By Friday, FTX had filed for bankruptcy. After a stupendously profitable asset bubble in 2021, the cryptocurrency industry …<\/p>\n

Sam Bankman-Fried was hailed as a crypto wonder child. What happened? | David Gerard<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":7880,"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\/7879"}],"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=7879"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/7880"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=7879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=7879"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=7879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}