{"id":293982,"date":"2022-11-12T00:11:00","date_gmt":"2022-11-12T00:11:00","guid":{"rendered":"https:\/\/omni48.com\/?p=293982"},"modified":"2022-11-22T00:14:21","modified_gmt":"2022-11-22T00:14:21","slug":"you-can-forget-about-crypto-now","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/you-can-forget-about-crypto-now","title":{"rendered":"You Can Forget About Crypto Now"},"content":{"rendered":"<p>Ting Shen \/ Bloomberg \/ GettyWhen I spoke with Sam Bankman-Fried three weeks ago, he was crypto&#8217;s golden boy. Worth about $15 billion, this quirky 30-year-old led one of the industry&#8217;s largest empires. Over the past few years, he&#8217;s palled around with Bill Clinton, graced the cover of Fortune magazine, and turned himself into a three-letter initialism: SBF. Toward the end of our rambling, 90-minute interview, Bankman-Fried dropped a casual hint at the state of his finances. &#8220;The truth is,&#8221; he said, &#8220;most of my wealth is not liquid right now.&#8221; As for why his once-generous political donations had dried up over the previous few months, he offered up a mysterious koan: &#8220;There&#8217;s constraints on what I can give, short-term.&#8221;That turned out to be an extreme understatement. This week, Bankman-Fried lost virtually his entire fortune over the course of a single day, in what Bloomberg has called &#8220;one of history&#8217;s greatest-ever destructions of wealth.&#8221; The biggest companies he once oversaw,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When I spoke with Sam Bankman-Fried three weeks ago, he was crypto&#8217;s golden boy. Worth about $15 billion, this quirky 30-year-old led one of the industry&#8217;s largest empires. Over the<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[313,1],"tags":[],"class_list":["post-293982","post","type-post","status-publish","format-standard","hentry","category-crypto","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/293982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=293982"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/293982\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=293982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=293982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=293982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}