Sam Bankman-Fried was convicted today. He was the poster child of the crypto-frauds. I am only sorry that more won’t be held to the same account.
The core reality is that his conviction is a drop in the bucket. It does nothing to help the people suckered by his get-rich quick schemes. It does nothing to curb the ongoing garbage spewing from the self-appointed geniuses running everything into the ground in order to prop themselves up.
We don’t get to pat ourselves on the back here. This was not a victory. SBF was an easy sacrifice. The core problems that led to his rise still remain.
Author: Geoffrey Gimse
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