FTX and Sam Bankman-Fried: Your Guide to the Crypto Crash
Posted on AllSides November 28th, 2022
From The Center
Sam Bankman-Fried was heralded as the savior of crypto. In recent weeks, his empire collapsed. Here’s what you need to know about the unraveling of FTX, including its founder’s rise to fame, how the firm failed and the collateral damage to customers and the crypto industry at large.
FTX founder Sam Bankman-Fried was the paragon of crypto.
Mr. Bankman-Fried, often referred to as SBF, vaulted to celebrity with his attempts to make his crypto exchange into a household name.
The 30-year-old billionaire’s eccentric, unkempt appearance created an aura of genius. Venture capitalists got on board. High-profile athletes and musicians,...
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