Opinion: No one is coming to save the crypto industry

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Over the past year, as crypto companies imploded and losses mounted, a white knight appeared. Sam Bankman-Fried, the 30-year-old CEO of crypto exchange FTX, helped bail out distressed crypto companies like BlockFi and Voyager. In an industry with a reputation that has been marred by scammers, hackers and sheer greed, Bankman-Fried seemed like a relatively nice guy. He even claimed that he wanted to give almost all of his money away.

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