Bankman-Fried's Sudden Rise and Fall Exposes Crypto Industry's Vulnerability to Fast Money and Grifters
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Sam Bankman-Fried's rise and fall is an indictment of the crypto industry, which readily accepted his money and influence.
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During his peak, Bankman-Fried was given billions by investors and lenders with little due diligence.
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The crypto industry was largely happy to partner with Bankman-Fried while his money flowed.
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Bankman-Fried quickly captured the crypto industry in just a few years before his downfall.
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The ease with which Bankman-Fried rose shows crypto's vulnerability to fast money and grifters - there may be more like him.
