2023’s First Crypto Villain

Only three days into the new year, we had an admission of guilt. No, not from Sam Bankman-Fried — he pleaded not guilty at a federal courthouse in Manhattan yesterday.

No, it was another crypto entrepreneur who made off with millions in customer [?] money. But the case has a couple of parallels with SBF’s — we’ll give you a quick rundown of what allegedly happened there, as well as news out of the World Economic Forum and the liquid staking industry.