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Criminal and Civil Cases Against Bankman-Fried

Bloomberg Law

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The Invincibility of Cryptocurrency

ray said that the collapse appears to stem from the absolute concentration of control in the hands of a very small group of grossly inexperienced and unsophisticated individuals. When you're young there's a certain sense of invincibility i think the inexperience is part of it, then the concentration of so much power in so few people without those checks in balance is a huge problem. Power corrupts absolute power corrupts absolutely when you look at the way our country is set up with the three branches of government it was specifically designed by the founding fathers so that there would be checks and balances.

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