2min chapter

Against the Rules with Michael Lewis cover image

On Background: Bad Actors on the Blockchain

Against the Rules with Michael Lewis

CHAPTER

Cryptocurrency Crime Story

CNN's John Sutter has been following the FTX bankruptcy story. He says he is interested in it, but largely from the sidelines because it's not like a crypto crime story. Just after FTX declared bankruptcy, something like half a billion dollars worth of cryptocurrency was pulled out of its accounts by an unknown person. It's precisely the kind of heist that your book suggests is a fool's errand as Bitcoin will be traced and follow wherever it goes.

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