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Even as Sam Bankman-Fried wallows in a New York Metropolis jail after being discovered responsible of overseeing a multibillion-dollar fraud at his defunct crypto change FTX, strikes are afoot to piece his empire again collectively.
And never simply his. Certainly, 18 months on from the cryptocurrency market collapse of 2022 — which vaporised $2 trillion in worth and uncovered the schemers and scammers in one of many nice manias of monetary historical past — opportunists are scooping up the belongings of lifeless corporations with the promise not simply that they may return all of the misplaced cash. Possibly, simply perhaps, they will additionally revive the crypto dream of borderless digital cash, liberation from the banks and a remaking of nearly the whole lot from artwork and actual property
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