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FTX and Sam Bankman-Fried: The fall of a maverick and what’s next for crypto

Jonathan Keane on how the mad world of crypto continues to surprise even its most die-hard supporters

The collapse of cryptocurrency exchange FTX this month was so swift and dramatic that it left the sector reeling Picture: NurPhoto

Blink and you’ll miss something. The collapse of cryptocurrency exchange FTX this month was so dramatic in its swiftness that it left the sector reeling.

For an industry that is no stranger to controversies and outlandish headlines, that is saying something.

FTX – one of the largest crypto exchanges in the world, led by Sam Bankman-Fried – filed for bankruptcy after a liquidity crisis at the company, an abandoned takeover attempt by a rival, revelations ...