[ad_1] <br><div> <head> <meta charset="UTF-8"/> <title>What to Do About Sam Bankman-Fried and FTX's Downfall</title><link rel="stylesheet" href="https://moneymorning.com/wp-content/cache/min/1/46d7e99aa0d53033e9bb165eb3ba9a1f.css" media="all" data-minify="1"/><meta name="viewport" content="width=device-width, initial-scale=1"/> <meta name="parsely-metadata" content="{" post_id=""/><link rel="shortcut icon" href="https://moneymorning.com/wp-content/themes/moneymorning/images/favicon.ico?v=m2dpb4bmQ3"/><meta name="theme-color" content="#ffffff"/><meta property="fb:pages" content="78773900525"/><!-- Google Tag Manager -->

<!-- End Google Tag Manager --><!-- Google Tag Manager --> <!-- End Google Tag Manager -->

<meta name="robots" content="index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1"/>

<!-- This site is optimized with the Yoast SEO Premium plugin v18.6 (Yoast SEO v19.0) - https://yoast.com/wordpress/plugins/seo/ --> <meta name="description" content="Bankman-Fried, or &quot;SBF,&quot; as he's known, is idolized by crypto &quot;fans&quot; all over the world. A way-too-credulous media held him up as crypto's &quot;white knight,&quot; riding to the rescue of way-too-credulous investors with crypto trapped in failing exchanges over the summer. (Not that he was worried about the investors - more in the balance sheets of the companies he was poised to &quot;rescue.&quot;)"/> <link rel="canonical" href="https://moneymorning.com/investing/what-to-do-about-sam-bankman-fried-and-ftxs-downfall/"/> <meta property="og:locale" content="en_US"/> <meta property="og:type" content="article"/> <meta property="og:title" content="What to Do About Sam Bankman-Fried and FTX's Downfall"/> <meta property="og:description" content="Bankman-Fried, or &quot;SBF,&quot; as he's known, is idolized by crypto &quot;fans&quot; all over the world. A way-too-credulous media held him up as crypto's &quot;white knight,&quot; riding to the rescue of way-too-credulous investors with crypto trapped in failing exchanges over the summer. (Not that he was worried about the investors - more in the balance sheets of the companies he was poised to &quot;rescue.&quot;)"/> <meta property="og:url" content="https://moneymorning.com/investing/what-to-do-about-sam-bankman-fried-and-ftxs-downfall/"/> <meta property="og:site_name" content="Money Morning - We Make Investing Profitable"/> <meta property="article:publisher" content="https://www.facebook.com/DailyMoneyMorning"/> <meta property="og:image" content="https://moneymorning.com/wp-content/blogs.dir/1/files/2022/06/crypto-syndication.jpg"/> <meta property="og:image:width" content="1200"/> <meta property="og:image:height" content="800"/> <meta property="og:image:type" content="image/jpeg"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:site" content="@MoneyMorning"/> <meta name="twitter:label1" content="Est. reading time"/> <meta name="twitter:data1" content="4 minutes"/>

<!-- / Yoast SEO Premium plugin. -->

<link rel="dns-prefetch" href="https://www.google.com"/> <link rel="dns-prefetch" href="https://kit.fontawesome.com"/>

<link rel="alternate" type="application/rss+xml" title="Money Morning - We Make Investing Profitable » Feed" href="https://moneymorning.com/feed/"/> <link rel="alternate" type="application/rss+xml" title="Money Morning - We Make Investing Profitable » Comments Feed" href="https://moneymorning.com/comments/feed/"/>

<link rel="alternate" type="application/rss+xml" title="Money Morning - We Make Investing Profitable » What to Do About Sam Bankman-Fried and FTX's Downfall Comments Feed" href="https://moneymorning.com/investing/what-to-do-about-sam-bankman-fried-and-ftxs-downfall/feed/"/>

<!--[if lte IE 8]> <link rel="stylesheet" id='moneymorning-ie8-css' href="https://moneymorning.com/wp-content/themes/moneymorning/assets/css/conditional/ie8.css?ver=2.2.13" type="text/css" media="all" /> <![endif]--> <!--[if lte IE 9]> <link rel="stylesheet" id='moneymorning-ie9-css' href="https://moneymorning.com/wp-content/themes/moneymorning/assets/css/conditional/ie9.css?ver=2.2.13" type="text/css" media="all" /> <![endif]-->

<!--[if lt IE 9]>

<![endif]-->

<link rel="https://api.w.org/" href="https://moneymorning.com/wp-json/"/><link rel="alternate" type="application/json" href="https://moneymorning.com/wp-json/wp/v2/investing/1206705"/><link rel="EditURI" type="application/rsd+xml" title="RSD" href="https://moneymorning.com/xmlrpc.php?rsd"/> <link rel="wlwmanifest" type="application/wlwmanifest+xml" href="https://moneymorning.com/wp-includes/wlwmanifest.xml"/>

<link rel="shortlink" href="https://moneymorning.com/?p=1206705"/> <link rel="alternate" type="application/json+oembed" href="https://moneymorning.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fmoneymorning.com%2Finvesting%2Fwhat-to-do-about-sam-bankman-fried-and-ftxs-downfall%2F"/> <link rel="alternate" type="text/xml+oembed" href="https://moneymorning.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fmoneymorning.com%2Finvesting%2Fwhat-to-do-about-sam-bankman-fried-and-ftxs-downfall%2F&amp;format=xml"/> <meta name="categories" content="cryptocurrency"/><meta name="post_type" content="single"/><meta name="post_author" content="nblack"/><meta name="custom_post_type" content="cpt_investing"/><!-- BEGIN wp-parsely Plugin Version 1.7 --> <meta name="wp-parsely_version" id="wp-parsely_version" content="1.7"/>

<!-- END wp-parsely Plugin Version 1.7 -->

&#13; &#13; <meta name="bitly-verification" content="b926d4b05f50"/>&#13; <link rel="preconnect" href="https://ajax.googleapis.com"/><link rel="preconnect" href="https://www.googletagmanager.com"/><link rel="preconnect" href="https://www.googleapis.com"/><link rel="preconnect" href="https://apis.google.com"/><link rel="preconnect" href="https://googletagmanager.com"/><link rel="preconnect" href="https://tagmanager.google.com"/><link rel="preconnect" href="https://api.stocktwits.com"/><link rel="preconnect" href="https://cloudflare.com"/><link rel="preconnect" href="https://cdnjs.cloudflare.com"/><link rel="preconnect" href="https://engine.moneymappress.com"/><link rel="preconnect" href="https://moneymorning.websol.barchart.com"/><link rel="preconnect" href="https://kit.fontawesome.com"/><link rel="preconnect" href="https://c.lytics.io"/><link rel="preconnect" href="https://api.parsely.com"/><link rel="preconnect" href="https://ka-f.fontawesome.com"/><link rel="preconnect" href="https://graph.facebook.com"/><link rel="preconnect" href="https://www.google-analytics.com"/><link rel="preconnect" href="https://google-analytics.com"/><link rel="preconnect" href="https://platform.twitter.com"/><link rel="preconnect" href="https://youtube.com"/><link rel="preconnect" href="https://platform.linkedin.com"/><link rel="preconnect" href="https://s.zkcdn.net"/><link rel="preconnect" href="https://connect.facebook.net"/><link rel="preconnect" href="https://cdn.getblueshift.com"/><link rel="preconnect" href="https://fast.wistia.net"/><link rel="preconnect" href="https://ssl.gstatic.com"/><link rel="preconnect" href="https://cdn.onesignal.com"/><link rel="preconnect" href="https://ssl.google-analytics.com"/><link rel="preconnect" href="https://sslwidget.criteo.com"/><link rel="preconnect" href="https://platform.linkedin.com"/><link rel="preconnect" href="https://static.criteo.com"/><link rel="preconnect" href="https://syndication.twitter.com"/><link rel="preconnect" href="https://gum.criteo.com"/><link rel="preconnect" href="www.youtube.com"/>&#13; &#13;

<meta property="og:image" content="https://moneymorning.com/wp-content/blogs.dir/1/files/2022/06/crypto-syndication.jpg"/> <link rel="apple-touch-icon" sizes="57x57" href="https://moneymorning.com/wp-content/themes/moneymorning/images/apple-touch-icon/apple-touch-icon-57x57.png"/> <link rel="apple-touch-icon" sizes="60x60" href="https://moneymorning.com/wp-content/themes/moneymorning/images/apple-touch-icon/apple-touch-icon-60x60.png"/> <link rel="apple-touch-icon" sizes="72x72" href="https://moneymorning.com/wp-content/themes/moneymorning/images/apple-touch-icon/apple-touch-icon-72x72.png"/> <link rel="apple-touch-icon" sizes="76x76" href="https://moneymorning.com/wp-content/themes/moneymorning/images/apple-touch-icon/apple-touch-icon-76x76.png"/> <link rel="apple-touch-icon" sizes="114x114" href="https://moneymorning.com/wp-content/themes/moneymorning/images/apple-touch-icon/apple-touch-icon-114x114.png"/> <link rel="apple-touch-icon" sizes="120x120" href="https://moneymorning.com/wp-content/themes/moneymorning/images/apple-touch-icon/apple-touch-icon-120x120.png"/> <link rel="apple-touch-icon" sizes="144x144" href="https://moneymorning.com/wp-content/themes/moneymorning/images/apple-touch-icon/apple-touch-icon-144x144.png"/> <link rel="apple-touch-icon" sizes="152x152" href="https://moneymorning.com/wp-content/themes/moneymorning/images/apple-touch-icon/apple-touch-icon-152x152.png"/> <link rel="apple-touch-icon" sizes="180x180" href="https://moneymorning.com/wp-content/themes/moneymorning/images/apple-touch-icon/apple-touch-icon-180x180.png"/>

<meta name="onesignal" content="wordpress-plugin"/>

<meta name="author" content="Nick Black"/><meta property="article:published_time" content="2022-11-11T09:35:06-05:00"/> <meta property="article:modified_time" content="2022-11-11T09:35:06-05:00"/>

</head> <body class="investing-template-default single single-investing postid-1206705 single-format-standard header-image content-sidebar no-alerts logged-in elementor-default elementor-kit-1171161 elementor-page-1180406" itemscope="" itemtype="https://schema.org/WebPage" id="wp_automatic_ReadabilityBody"> <!-- Remington sGoogle Tag Manager (noscript) --> <noscript><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-KNVXK25" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript> <!-- End Google Tag Manager (noscript) -->

<!-- Google Tag Manager (noscript) --> <noscript><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-NBZWM5L" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript> <!-- End Google Tag Manager (noscript) --><div class="site-container"> <!--mfunc echo gating_misc_show_gated( 'navheadlines', '#header_container_navheadlines'); --> <!--/mfunc--> <!--mfunc echo gating_misc_show_gated( 'navadvice', '#header_container_navadvice'); --> <!--/mfunc--> <!--mfunc echo gating_misc_show_gated( 'navservices', '#header_container_navservices'); --> <!--/mfunc--> <!--mfunc echo gating_misc_show_gated( 'navadvisors', '#header_container_navadvisors'); --> <!--/mfunc--> <div class="site-inner"> <div id="announcement-carousel" class="carousel slide" data-ride="carousel">

<!-- Controls --> <div class="carousel-controls" hidden=""> <a target="_blank" class="left carousel-control" href="#announcement-carousel" role="button" data-slide="prev" rel="noopener"> <img src="https://moneymorning.com/wp-content/themes/moneymorning/images/carousel-arrow-left.svg" width="18" height="11"/> </a> <a target="_blank" class="right carousel-control" href="#announcement-carousel" role="button" data-slide="next" rel="noopener"> <img src="https://moneymorning.com/wp-content/themes/moneymorning/images/carousel-arrow-right.svg" width="18" height="11"/> </a> </div> </div> </div><!-- .inner --></div> <!-- #content_linked_symbols --><a target="_blank" href="https://news.google.com/__i/rss/rd/articles/javascript:void(0);" id="wpdUserContentInfoAnchor" style="display:none;" rel="#wpdUserContentInfo noopener" data-wpd-lity="">wpDiscuz</a><p><textarea id="wpd-editor-source-code"/><button id="wpd-insert-source-code">Insert</button><input type="hidden" id="wpd-editor-uid"/></p> &#13; &#13;

<!-- ADZERK SCRIPT -->

<!-- END ADZERK SCRIPT --> </body> </div><script>(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.4"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));</script> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiWGh0dHBzOi8vbW9uZXltb3JuaW5nLmNvbS9pbnZlc3Rpbmcvd2hhdC10by1kby1hYm91dC1zYW0tYmFua21hbi1mcmllZC1hbmQtZnR4cy1kb3duZmFsbC_SAQA?oc=5">Source link </a>