Kevin T. Dugan is an Intelligencer staff writer who covers finance and business. He was previously on staff at Bloomberg, The Information, and the New York Post.
It Was All a Game for Sam Bankman-FriedThe boy king of crypto was accustomed to taking the kind of risks he loved to take in e-sports, but the consequences couldn’t be more real.
Sam Bankman-Fried Created a Crash for the AgesUntil a few days ago, he was that billionaire whiz kid you saw everywhere. Now he’s crashed his companies and created a financial contagion.
Why a Crypto Podcaster Is Suing Janet YellenDavid Hoffman says the U.S. government’s crackdown on a software program means he’ll be stuck doing paperwork for the rest of his life.
Elon Musk’s Got a New Plan to Not Buy TwitterIn order to get out of buying Twitter, it appears the Tesla CEO is abandoning his old legal arguments about spambots. Now he’s alleging fraud.
How Does Student-Debt Relief Affect Inflation?A debate is raging about how much $20,000 in debt amnesty could stoke inflation while the White House tries to keep the economy from imploding.
At What Point Do You Become a Money Launderer?A software developer was arrested for “involvement” in a crypto program allegedly used by North Korea to launder money but isn’t accused of the crime.
the money game
Pretty Soon You’ll Be Able to Afford Things AgainJuly’s inflation rate saw an unexpectedly large drop, driven by the price of gas. This could be the beginning of the end of the era of high prices.