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Slate Money: The Crypto Crimes of Sam Bankman-Fried

Slate News

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Changing Perception and Fall from Grace

This chapter discusses how the perception of Sam Bankman-Fried changed as his billionaire status was questioned, and how his charm turned insufferable when he had to defend against accusations of fraud. It explores the founding of FTX and Alameda research, raising doubts about the profitability of the hedge fund. The chapter also touches on the decline of the crypto market and expresses skepticism about Tether's legitimacy.

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