Sam Bankman-Fried, the founder of the failed crypto exchange FTX, gets his day in court on Tuesday. The trial will shine a harsh glare on the wider sector.
Mr. Bankman-Fried and his allies have blasted Sullivan & Cromwell, the New York law firm managing FTX’s bankruptcy, for its tangled relationship with the crypto exchange.
The acronym, which stands for “fear, uncertainty and doubt,” is used by crypto die-hards to dismiss any bad news about the industry, even when it is merited.