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Amongst some crypto journalists, there’s a sense the continued legal trial of disgraced FTX founder Sam Bankman-Fried stands out as the final nice crypto trial. FTX’s implosion, and the next market contagion and unfavourable suggestions loop of media protection it kick began, has accomplished the blockchain business irreparable harm. The scale of the estimated losses to FTX buyers and customers would, if convicted, place Bankman-Fried among the many largest monetary frauds in historical past. And, as many stated, for higher or worse, crypto is on the stand alongside him.
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