Wall Street

Crypto Is Full Of FTX’s Bankman-Fried

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The Street

By Luc Olinga The downfall of crypto exchange FTX starkly displays the ties between those who sell the ideas and those who write the big checks. Within the common business phrase ESG, standing for environmental, social and governance, one of the letters could have sounded the alarm about FTX. This is the letter G, which stands for governance or good-governance practices. It can mean diverse C-suites and diverse investor pools, welcoming people from different social and economic backgrounds and color and gender minorities to the table. Put another way, it means avoiding one-size-fits-all among …

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