While a professor at the Wharton School of the University of Pennsylvania, he divined the opportunity to apply emerging computer technologies to investing. He is co-founder of Renaissance Technologies (sometimes known as “RenTec”). Howard Morgan is one of those few – very few – people who have built multiple game-changing firms. He holds Bitcoin, Ethereum, Solana, and small amounts of other crypto assets. He is a former academic sociologist of technology with a PhD in Media Studies from the University of Iowa. He is the author of "Bitcoin is Magic," an introduction to Bitcoin's social dynamics. He has written about crypto since 2013 for outlets including Fortune, Slate, and Aeon. Morris is CoinDesk's Chief Insights Columnist. We discuss what happened at FTX, how the events unfolded, and what Bankman-Fried’s role was in the multi-billion dollar collapse.ĭavid Z. David provides a thoughtful, nuanced explanation of what is known so far. While still unfolding, the FTX story so far has more layers, complexities and characters than a spy novel. FTX Trading Ltd., commonly known as FTX, abruptly collapsed in 2022, after having grown to become the world’s third largest crypto exchange with over a million users. Morris is part of the Coindesk reporting team that was critical in bringing to light the (apparently) massive fraud at FTX, the now bankrupt cryptocurrency exchange.
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