FTX did not fail like a normal start-up. It collapsed like a bank run, an accounting scandal, a fraud trial, and a market panic all at once. In early November 2022, FTX looked like one of the safest names in crypto. It had celebrity adverts, stadium naming rights, venture capital backing, political access, and a founder, Sam Bankman-Fried, who was treated as the industry’s sensible adult. Within days, customers could not withdraw funds. Within a week, the exchange filed for b

On a quiet February weekend in 2016, a printer at Bangladesh Bank stopped working. That small failure should have been routine. Instead, it helped hide one of the most audacious bank robberies ever attempted. The thieves did not enter a vault. They did not threaten a cashier. They sat behind keyboards, deep inside a central bank’s computer network, and sent payment orders in the bank’s own name. Their target was Bangladesh Bank’s account at the Federal Reserve Bank of New Yor