Tag: ftx collapse

How Sam Bankman-Fried’s Crypto Empire Collapsed

How Sam Bankman-Fried’s Crypto Empire Collapsed

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In less than a week, cryptocurrency billionaire Sam Bankman-Fried went from industry leader to industry villain, lost most of his fortune, saw his $32 billion company plunge into bankruptcy and became the target of investigations by the Securities and Exchange Commission and the Justice Department. But in a wide-ranging interview Sunday that stretched past midnight, […]

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Sam Bankman-Fried’s downfall sends shockwaves through crypto

Sam Bankman-Fried’s downfall sends shockwaves through crypto

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Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the savior of crypto, the newest force in Democratic politics and potentially the world’s first trillionaire. Now the comments about the 30-year-old Bankman-Fried aren’t so kind after FTX filed for bankruptcy protection Friday, leaving his investors and […]

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