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From hero to villain: Sam Bankman-Fried (above), founder and chief executive of the FTX crypto exchange. Computers (below) used for bitcoin ‘mining’ at the the home of bitcoin ‘miner’ Eugen Mutai in Nairobi, Kenya.

FTX is another example of the continuing failure of financial regulation

Payments into crypto exchanges are not protected as deposits are when paid into a regular bank

Zama Ndlovu