In Sir Arthur Conan Doyle's famous Sherlock Holmes tale, "Silver Blaze", the detective investigates the case of a murder of a horse trainer. At first, investigators presume that the murderer of the trainer must have been a stranger to him.
But Holmes cracks the case with the revelation that a watchdog remained silent the night of the murder -- a "curious incident," as Holmes puts it, if the watchdog had been confronted by a stranger. No, Holmes concludes, the murderer must have been known to the watchdog.
We would do well to keep Holmes' "curious incident" in mind when discussing the complete meltdown of FTX, the cryptocurrency exchange run by Sam Bankman-Fried, a man who looks like he emerged from a laboratory dedicated to the manufacture of charlatans.
