Asia Sentinel

Asia Sentinel

Business/Economy

The Masters of the Universe Invent a New Plaything

Remember CDOs? Get ready for CFOs

Philip Bowring's avatar
Philip Bowring
Nov 30, 2022
∙ Paid

“Fools and their money are easily parted” is an old adage. But it seems that the world is full of very clever fools whose wisdom falls an algorithm or two short of their own self-assumptions.

It is perhaps no coincidence that the cryptocurrency trading platform FTX, whose collapse has triggered the failure of a number of other houses of crypto cards, was…

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