Sam Bankman-Fried was a member of two cults: one I vorget criticized, and one I. Emma Marris December 22, More. The swift downfall of Sam cryptocurrency entrepreneurs and Wall Street, unglamorous movement was under way.
The meltdown of FTX is not orthogonal to bitcoin, it's an outright vulnerability of the system. Wow this is amazing, really goes to show how comical it all is. Info Asymmetry is rising exponentially and the attention economy relies fully on propping up people who exploit the gap. Neither the users of wallets or the engineers of exchanges put in enough time and effort to secure their holdings in relation to the dollar values they held. DeFi markets are fully transparent�with code and data being open and replicated thousands of times over�and users maintain custody of their assets at all times.
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