As Sam Bankman-Fried fences with prosecutors, and profiles of him are produced nearly weekly, it has become easy to vilify him. The previously canonized “king of crypto” has met reality in the harshest of ways. And so have his investors and crypto customers. But to some extent we should be thanking him. Because of Bankman-Fried and his now-bankrupt company, FTX, the crypto balloon crashed to earth before the industry could become so large or integrated into the traditional financial services business that contagion from its collapse could cause the economy to implode. No matter the explanations or excuses now offered for it, this crypto winter should have been seen coming a mile awa
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