Crypto Crash Widens a Divide: ‘Those With Money Will End Up Being Fine’ (New York Times)

New York Times: Crypto Crash Widens a Divide: ‘Those With Money Will End Up Being Fine’. “Enthusiasts promote the digital coins — which are exchanged using networks of computers that verify transactions, rather than through a centralized entity like a bank — as a means for people of all backgrounds to achieve transformational wealth outside the traditional finance system. But for all those supposedly egalitarian principles, crypto’s collapse has revealed a yawning divide: As employees of crypto companies lose their jobs and ordinary investors suffer huge losses, top executives have emerged relatively unscathed.”

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