IT'S POSSIBLE THAT you don't fully understand what Sam Bankman-Fried did or what transpired at his company FTX. This may help.
Explain it to me like I’m … 5 years old.
A silly-haired wizard sold magic beans. The villagers loved it! Until they stopped believing in magic and demanded their money back, only to find out that the wizard had already spent it.
Explain it to me like I’m … 10.
A really smart guy owned a bank. He was also a terrible poker player. He used made-up money to buy his way into a high-stakes game and then he lost, so he paid his casino tab by robbing his own bank (allegedly). When his customers heard about his gambling losses, they stormed the bank to pull their money out, but there wasn’t enough in the vault to pay them all back.
Explain it to me like I’m … a crypto newbie.
Denne historien er fra November 21 - December 4, 2022-utgaven av New York magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra November 21 - December 4, 2022-utgaven av New York magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Confessions of a K-рор Star
For ROSÉ, writing her debut solo album was a form of therapy.
"I Wish More Designers Had That - a Real and Specific Sense of How They Want a Woman to Dress in 2025"
TEN YEARS OF FASHION: A Conversation Between CATHY HORYN and LINDSAY PEOPLES
BIENVENIDO A BAD, BUNNY'S PUERTO RICO
BENITO ANTONIO MARTINEZ OCASIO's new album is a history lesson and a homecoming.
THE JESSICA & ASHLEE SHOW
One Simpson followed the rules, the OTHER BROKE THEM. Now, for the first entry in the Cut's \"Family Album\" series, JESSICA SIMPSON tells ASHLEE SIMPSON ROSS she's TAKING NOTES from her younger sister and refusing to let \"MEN IN SUITS\" boss her around.
GONE OFF THE GRID
In December, a fervent nationwide search for Hannah Kobayashi ended a 30-year-old named declared that she wasn't abruptly after police a missing person at all. The internet sleuths weren't satisfied.
BOW DOWN TO DOECHII
Fresh off her Grammy win, the unapologetic Florida rapper is just getting started.
This Is Getting Interesting
The accessories are especially covetable this spring: futuristic sunglasses from Prada, lively little bags from Louis Vuitton, embellished socks from Fendi, and bejeweled headpieces from Valentino. Street-style darling Chloe King shared her tips for piling them on without going overboard.
Sisterhood, Interrupted
Online, going \"no contact\" is often seen as liberating, empowering. If only I felt that way.
Do These Dupes Make Me Look Rich? AT QUINCE, THE ANSWER IS ALWAYS “YES."
How a one-stop shop for everything from cashmere sweaters to caviar seduced a generation of jaded shoppers.
Don't Try This at Home
Comedians Kate Berlant and Jacqueline Novak are searching for their health holy grails-while trying not to fall for the bogus MAHA stuff.
