Dr. Hadley Weighs In on Implications of Sam Bankman-Fried Conviction

Dr. Brandy Hadley, David A. Thompson Distinguished Scholar of Applied Investments, co-wrote an article in The Conversation.

The Conversation

Sam Bankman-Fried was convicted of fraud following the collapse of the cryptocurrency exchange FTX. Here’s what investors need to know

In the fast-paced world of cryptocurrency, vast sums of money can be made or lost in the blink of an eye. In early November 2022, the crypto exchange FTX was valued at more than US$30 billion. By the middle of that month, FTX was in bankruptcy proceedings. And less than a year later, on Nov. 3, 2023, its founder, Sam Bankman-Fried, was found guilty of seven counts of money laundering and fraud, following a trial that featured less than a month of testimony and only about four hours of jury deliberation.

D. Brian Blank and Brandy Hadley are professors who study finance, executivesfirm governance and fintech. They explain how and why this incredible collapse happened, what effect it might have on the traditional financial sector and whether you should care.

Read more of the article on The Conversation 

Dr Hadley
Published: Nov 7, 2023 12:15pm