Sam Bankman-Fried was convicted of fraud following the collapse of the cryptocurrency exchange FTX. Here's what investors need to know
- Written by D. Brian Blank, Associate Professor of Finance, Mississippi State University
Sam Bankman-Fried is no longer crypto's Robin Hood.Bebeto Matthews/Associated PressIn the fast-paced world of cryptocurrency, vast sums of money can be made or lost in the blink of an eye. In early November 2022, the crypto exchange FTX was valued at more than US$30 billion. By the middle of that month, FTX was in bankruptcy proceedings. And less...