From The Economist, World in Brief, February 24 2023.
Sam Bankman-Fried, a former billionaire and founder of FTX, a collapsed crypto exchange, was charged with four new criminal offenses, including conspiracy to commit bank fraud and securities fraud. Prosecutors allege that Mr Bankman-Fried developed a “series of systems and schemes” through which he could “access and steal” billions of dollars of customer deposits. Mr Bankman-Fried has pled not guilty to all of the eight original charges against him.
Bankman-Fried was a criminal mastermind more than any crypto mastermind.