TechFlow news, on November 18, Arthur Hayes, founder of BitMEX, published a post discussing reflections on the FTX collapse. Arthur pointed out that a key reason SBF was able to rise rapidly and gain widespread support and recognition was because he cultivated an image acceptable to Western established elites.
The article argues that SBF came from an upper-class white family and graduated from a prestigious university. Through a series of actions aimed at aligning himself with the "right circles," he managed to bring numerous veteran Western financial elites onboard with FTX.Original link
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