Rise and Fall of SAM BANKMAN-FRIED | The Fake Genius

Описание: The Greatest Fraudster of Decades | SAM BANKMAN-FRIED. Sam Bankman-Fried, also known as “SBF,” founded the FTX cryptocurrency exchange and was found guilty of fraud and other crimes on Nov. 3, 2023. Being a finance and cryptocurrency entrepreneur, he founded both FTX and the crypto trading company Alameda Research. the world’s largest cryptocurrency exchanges, with a personal net worth once exceeding $26 billion, before an abrupt end to his digital currency empire in early November 2022. Bankman-Fried became one of the wealthiest cryptocurrency executives before a solvency crisis at FTX led to sudden company bankruptcy and his resignation as CEO. On Nov. 11, 2022, Bankman-Fried resigned from FTX, and the company filed for Chapter 11 bankruptcy after it collapsed earlier that month following a report by CoinDesk highlighting potential leverage and solvency concerns involving Alameda Research.

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