Christmas Specials | Under the hoodies

The most powerful people in crypto

Four very different billionaires

THE HONG KONG den of FTX, a cryptocurrency exchange, is where high finance meets teenage chaos. It is 7.30pm and staffers in shorts and T-shirts are still arriving for work, slaloming among desks fitted with six screens each. Booze, boxes and general junk, from guitars to badminton shuttles, lie everywhere. A buffet of delivery food tempts the peckish; traders and developers face off on wooden chess boards. Art casting Sam Bankman-Fried, FTX’s founder, as the King of Clubs or Uncle Sam in the trenches adorns the walls. When bitcoin prices are booming, poker tournaments often take place in a cluttered meeting room (tonight the house is closed).

This article appeared in the Christmas Specials section of the print edition under the headline “Ride to freedom”

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