Bloomberg: Bankman-Fried’s Assets Plummet From $16 Billion to Zero in Days

Bloomberg: Bankman-Fried’s Assets Plummet From $16 Billion to Zero in Days. “The downfall of his crypto exchange and its trading house, Alameda Research, means assets owned by the mogul once likened to John Pierpont Morgan have become worthless. At the peak, the 30-year-old was worth $26 billion, and he was still worth almost $16 billion at the start of the week.” I think cryptocurrency as it exists now is a negative-sum thing and I do not intensely follow news about it. However, I get enough by newsreading osmosis to believe that this is one domino. And this single domino alone has wiped out billions and billions in wealth. What next?

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