Even as Sam Bankman-Fried wallows in a New York City prison after being found guilty of overseeing a multibillion-dollar fraud at his defunct crypto exchange FTX, moves are afoot to piece his empire back together.
And not just his. Indeed, 18 months on from the cryptocurrency market collapse of 2022 — which vaporised $2 trillion in value and exposed the schemers and scammers in one of the great manias of financial history — opportunists are scooping up the assets of dead companies with the promise not just that they will return all the lost money. Maybe, just maybe, they can also revive the crypto dream of borderless digital money, liberation from the banks and a remaking of just about everything from art and real estate