{"id":244812,"date":"2022-11-23T11:17:27","date_gmt":"2022-11-23T17:17:27","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=244812"},"modified":"2022-11-23T17:15:39","modified_gmt":"2022-11-23T23:15:39","slug":"casino-card-tricks-helped-burst-the-crypto-bubble-report","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/casino-card-tricks-helped-burst-the-crypto-bubble-report\/","title":{"rendered":"Casino Card Tricks Helped Burst the Crypto Bubble \u2013 Report"},"content":{"rendered":"
Card-counting and other casino tricks figured heavily into the strategy of a former hedge fund chief, according to a new report. Those risky bets may have contributed to the collapse of Sam Bankman-Fried’s FTX cryptocurrency exchange earlier this month.<\/p>\n
Bloomberg News<\/em> was the first to spot old Twitter threads from Sam Trabucco that clearly described how the 30-year-old former crypto exec applied his knowledge of gambling strategies to crypto trading and other business decisions. Trabucco resigned in August as co-CEO of Alameda Research, sister company to FTX.<\/p>\n