Is Sam Bankman-Fried Crypto’s Bernie Madoff? This Crypto Hedge Fund Manager Thinks So

Apparently, the collapses of Three Arrows Capital, crypto exchange FTX, and other crypto-related businesses were not enough to put institutional investors off of cryptocurrency. Data from Bitstamp reveal that registrations by institutional investors rose 57% in November — when the collapse of the crypto exchange FTX was front and center in the news headlines.

Now a month later, allegations about funds from investors in Bankman-Fried’s hedge fund, Alameda Research, being commingled with funds from FTX investors continue to pour out. One crypto hedge fund manager with no exposure to FTX suggests Bankman-Fried could be the Bernie Madoff of the crypto world.