The FTX Collapse: Consequences and Recovery

This chapter examines the verdict and sentencing of Sam Bankman-Fried, emphasizing the fallout from the FTX scandal and the misappropriation of $8 billion in customer funds. It contrasts the prosecution's push for a lengthy prison sentence with the defense's claim of lesser financial harm, while also highlighting the recovery efforts post-bankruptcy. The chapter reflects on the state of the cryptocurrency market following the collapse, noting a potential path for recovery amid renewed interest and regulatory changes.