Nov 24, 2022
The fallout from the implosion of the FTX empire and its founder Sam Bankman-Fried continues to make headlines, as with each day, we learn that a new company, investor, or celebrity was entangled in its web of hype and overpromotion. The story of the company's founder, his goofy management style, and the internal rot that brought them all down has answered the thirst for schadenfreude left unquenched since Hulu subscribers finished watching "The Dropout," detailing the downfall of Elizabeth Holmes and Theranos. Holmes has just been sentenced to 11 years in prison. FTX looks to be a scandal even more ridiculous and ruinous to those involved. The lists of victims of the FTX crash and the beneficiaries of SBF's spending sprees-especially media companies, Democratic politicians, and media companies-are noteworthy. Many elected officials have committed to donating the cash received from FTX figures, including Senator Kirsten Gillibrand (D-N.Y.) and U.S. Representative Kevi