"Block, a vehement crypto skeptic, has spent the past 18 months doing forensic blockchain research. He uses open-source tools to follow flows of money between crypto companies, repeatedly demonstrating how shadow banks and nefarious scammers inflate the value of worthless assets in order to generate enormous wealth that exists only on paper...."

Crypto Was Always Smoke and Mirrors
The fall of FTX shocked everyone. Except this guy.
By Charlie Warzel
2022 12 12
https://www.theatlantic.com/technology/archive/2022/12/cryptocurrency-ftx-collapse-dirty-bubble-media/672440/?s=09