Crypto sceptics are reading the wrong lesson from FTX
Greed and poor governance, not tech flaws or liberal use of emojis, caused the shocking downfall of the world’s second-largest cryptocurrency exchange.
“I told you so” – no four words seemingly give the critic more satisfaction.
And, boy, have we heard some satisfied gloating from pundits since the collapse of cryptocurrency exchange FTX this month and fall from grace of its scruffy-haired Millennial founder Sam Bankman-Fried (SBF).
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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
