The Shearing of Sam Bankman-Fried

The disgraced crypto king, on trial for financial fraud, takes the stand. But his hair tells its own story.

Imagine if Sam Bankman-Fried, the founder of the crypto trading firm FTX and defendant in one of the largest financial fraud trials in history, was actually named Samson, rather than Samuel. Like the biblical character, Mr. Bankman-Fried’s symbolic shearing for his courtroom appearance may become a fabled reflection of promise brought low in the tales to come of our digital age.

As Mr. Bankman-Fried took the stand on Friday in federal court in Manhattan to begin testifying in his own defense — to explain his actions as having been made in good

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