Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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A report from the crypto scene at Art Basel.
Incredible lede:
At a dazzling new hotspot in the center of Miami’s crypto scene, the remains of Sam Bankman-Fried’s collapsed empire are stuffed in trash bags.
Hundreds of FTX Miami T-shirts. A framed FTX-branded Heat jersey. A poster signed by chess grandmaster Magnus Carlsen in an FTX-sponsored tournament. Navy FTX bean bags, evoking where the now-bankrupt exchange’s whiz kid claims he slept.
You should click through for the photos alone, but the party reporting is top-notch, too.
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