The Crypto Emperor’s New Clothes

Sam Bankman-Fried fanned the flames of crypto madness. And he couldn’t have done it without his powerful friends.

Illustration by Carmen Casado

Plenty of observers are once again invoking “The Emperor’s New Clothes,” this time in regard to cryptocurrency exchange CEO Sam Bankman-Fried. If you recall, Hans Christian Andersen’s timeless fable got trotted out ad nauseam during the Donald Trump era. Starting in 2016, it became shorthand gesturing at the 45th president’s vacuousness and blinding self-regard, plus […]

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