Emperor Bankman-Fried Had No Clothes

Emperor Bankman-Fried Had No Clothes

"We have probably witnessed one of the most abrupt and difficult corporate collapses in the history of corporate America," James Bromley, a restructuring attorney at Sullivan & Cromwell, said Tuesday. He was addressing a court in Wilmington, Delaware, where a bankruptcy judge is presiding over an especially unsettling postmortem of Sam Bankman-Fried's recently deceased crypto Frankenstein. It was a hulking monster stitched together with luxurious 25/75 linen-cotton blend thread, generously
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