The Rise and Fall of Sam Bankman-Fried and FTX
A Sudden Collapse Just a few years ago, the global crypto community was shaken when FTX—one of the world’s largest cryptocurrency exchanges—saw $6 billion withdrawn in less than 72 hours. Within weeks, its founder and CEO, Sam Bankman-Fried (SBF), faced charges of fraud and conspiracy. The man once hailed as a “genius billionaire” would ultimately be sentenced to 25 years in prison. How did a company valued at $32 billion […]