Wall Street Workers Who Left for Crypto Are Unbowed by FTX Crash

First, stablecoin TerraUSD collapsed. Then hedge fund Three Arrows Capital went under, dragging Voyager Digital and Celsius Network down with it.

In the latest blow, Sam Bankman-Fried’s empire — once considered a crypto savior — imploded, causing a crisis of confidence that’s wiped out billions of dollars and is spreading to companies across the industry.

Despite the massive losses and growing criticism that the industry is rife with fraudsters and Ponzi schemes, a dozen industry employees interviewed by Bloomberg News said that while they’re rattled by the crisis, they remain committed to crypto and its potential — even if that means enduring financial pain personally and ...