All of which is to say that, despite the involvement of many Silicon Valley insiders in FTX, people in tech were not outwardly obsessed over the ins and outs of Mr. Bankman-Fried’s trial, which ended when he was found guilty of seven counts of fraud and conspiracy on Thursday. They barely mustered a shrug.
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The industry hasn’t fixated on Mr. Bankman-Fried’s fate because it is no longer fixated on crypto — or web3, blockchain, DeFi, NFTs and other crypto-fied buzzwords that signified the cutting edge just two years ago. They may come back around in a few years. But for now, they are out of style and therefore irrelevant.
Source: Silicon Valley Shrugs Off Sam Bankman-Fried’s Trial – The New York Times
