The Impending Doom of The Grifters
Is Mashinsky's alleged deceit worse than Sam Bankman-Fried's? Possibly. It doesn't really matter. Because this all ends one way.
The collapse of FTX was truly astounding. It was, I hope, the final capitulation moment for a crypto market that had essentially gone straight down for 12 consecutive months with very little reprieve. But I’d argue it was more than just a catalyst for simple paper losses, it was a soul-crushing collapse when market sentiment was actually improving after…
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