The trial of FTX founder Sam Bankman-Fried, now coming to the end of its first week, is far bigger than just crypto. Reporters from the largest media outlets (including WIRED) have flocked to New York to cover it, TV stations are airing feature-length documentaries on the fall of the crypto exchange, and X (formerly Twitter) is ablaze with armchair analysis. But members of the crypto industry are tired of the circus before it has really even begun.
“I’m not the only one that thinks this is all just one very big distraction,” says crypto analyst Noelle Acheson, formerly of crypto brokerage Genesis. The sooner the industry is able to move
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