The following excerpt from "Crypto Kingpins," our six-part podcast out today, was published on Monday in Vanity Fair.
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In May 2021, I took a taxi from my home in Singapore to a modernist mansion in a gated community on the resort island of Sentosa.
In April, we put Sam Bankman-Fried, or SBF, on our Brazen Rich List at $30 billion.
Today, we're reducing SBF to zero.
His crypto exchange FTX is teetering on the brink of bankruptcy as it attempts to fill an $8 billion hole.
We've got some inside
For our Brazen Rich List this week, we’re delving back into crypto. If you’re looking to survey undercounted wealth, there really is no better place to search than this new and fast-growing industry. So far, Changpeng Zhao, or CZ, the founder of crypto-trading platform Binance, is top of