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FTX flopped simply because it veered from decentralised finance

Some are scapegoating cryptocurrencies and blame them for running off with their money. But it’s centralised crypto exchanges that are the real culprits

The past few weeks have been a roller- coaster ride for crypto, and a good chunk of the chaos can be attributed to one individual. Sam Bankman-Fried is a controversial figure
The past few weeks have been a roller- coaster ride for crypto, and a good chunk of the chaos can be attributed to one individual. Sam Bankman-Fried is a controversial figure Photo: Bloomberg via Getty Images

Jurica Dujmovic is a columnist for MarketWatch. He is a business publisher, consultant, designer and gamer

The past few weeks have been a roller- coaster ride for crypto, and a good chunk of the chaos can be attributed to one individual. Sam Bankman-Fried is a controversial figure. Love him or hate him, he has been the hottest topic in the news lately. But whether he is deceptive or just terrible at managing money is beside the point.

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