Crypto currency – the financial wild west

The bewildering alternative universe of crypto currency which makes hedge fund derivatives look sane in comparison has taken a knock with the collapse of Sam Bankman-Fried’s FTX.   Bankman-Fried, a week ago was among the most respected figures in the sector with a $24bn personal fortune and close links with Wall Street and celebrities. He advertised during the US Super Bowl, was a leading donor to the Democratic party and  spent tens of millions of dollars over the past year