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Could Sam Bankman-Fried's Saga Happen Without Crypto?

The alleged fraud at FTX is a symptom of problems within crypto, something the industry must reckon with especially as an easy scapegoat goes on trial.

Is crypto "uniquely" at fault for Sam Bankman-Fried's rise and fall? (CoinDesk, modified)(CoinDesk, modified)
Is crypto "uniquely" at fault for Sam Bankman-Fried's rise and fall? (CoinDesk, modified)(CoinDesk, modified)