Home /

Crypto nomads: Surfing the world for risk and profit

New York Times
15 mins to read

A new generation of industry leaders has set up offshore trading exchanges largely beyond the reach of American regulators.

It is just after midnight in Hong Kong, and Sam Bankman-Fried stares at the trading data on his six monitors, watching a global cryptocurrency crash happening in real time.

Bankman-Fried, a 29-year-old from California, often works around the clock, as he was on that May evening. He naps on a beanbag set up near his computer. A folded-up blanket sits on

Save