Tag: Sam Bankman-Fried ftx

[ad_1] For all the potboiler twists, stunning revelations and anguished Twitter threads, it’s a fall from grace with an unmistakable ring of familiarity. Few could have anticipated the breathtaking collapse of Sam Bankman-Fried's multibillion-dollar crypto empire.Yet for all the potboiler twists, stunning revelations and anguished Twitter threads, it's a fall from grace with an unmistakable ring of familiarity. The whirlwind week that began with two crypto CEOs tweeting barbs ended with the bankruptcy of FTX, one of the largest and most prominent crypto exchanges, along with around 130 other companies that it owned. The business had been desperately trying to cover a shortfall of as much as $8 billion, with the specifics of its failure -- now subject to multiple investigations -- yet ...