The fall of crypto wunderkind Sam Bankman-Fried: A modern morality tale

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Prosecutors investigating Sam Bankman-Fried, the cryptocurrency exchange’s founder, have accumulated more than six million pages of documents and other records. Photograph: Elizabeth Renstrom/The New York Times Two fraud trials start in New York this week and of course Donald Trump’s is grabbing the front pages. But the case against Sam Bankman-Fried, former CEO of the FTX cryptocurrency banking giant, will be fascinating for several reasons, mostly unrelated to the mystical, near impenetrable properties of cryptocurrency. Bankman-Fried’s alleged crimes were deeply mundane. He is accused of stealing customers’ money and using it as his personal piggy bank. Even the methods he...