Why FTX collapse doesn’t mean an end for cryptocurrency

Posted on AllSides November 29th, 2022
From The Center
Marta Lavandier/AP

The collapse of a key company in an industry that’s creating a new kind of money has put an odd twist on an age-old question: Why do bad people happen to good things?

The latest character in this financial saga appears to be Sam Bankman-Fried, founder of FTX, which served as an exchange for a digital form of money called cryptocurrency. On Nov. 11, FTX collapsed in spectacular fashion, declaring bankruptcy after 10 tumultuous days of revelations that the company was using customers’ money to buy assets of a sister...

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