Can FTX Be Revived—Without Sam Bankman-Fried?

Sam Bankman-Fried just ain’t all that, says Pat Rabbitte. “He’s not that remarkable … I just don’t see it.” Rabbitte was a customer of FTX, the crypto exchange founded by Bankman-Fried that filed for bankruptcy in November. Bankman-Fried is set to go on trial in New York on October 3, charged with conspiracy and fraud relating to the collapse of the exchange. Like hundreds of thousands of others, Rabbitte’s money is tied up in the bankruptcy proceedings. What happens to those creditors is far worthier of attention, Rabbitte says, than what happens to Bankman-Fried. “He is not that interesting.”

In this opinion, Rabbitte is in the minority. Before FTX collapsed,

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