Eleven months after FTX’s implosion sent an already declining cryptocurrency market into a doom spiral, Mr. Bankman-Fried’s trial is set to reopen wounds that have barely had time to heal in the crypto industry. As painful as it may be to relive FTX’s downfall, the industry is united in its zeal to see Mr. Bankman-Fried held to account.
“Sam should get convicted because he’s a criminal,” said Sheila Warren, the chief executive of the Crypto Council for Innovation, a lobbying group. “The industry supports that because a lot of people felt burned by him.”
‘Enforcement 40’ for 2020
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