FTX Collapse: Bankman-Fried Will Obtain Zero {Dollars}


On the morning of November 8, Sam Bankman-Fried, founder and CEO of FTX and Alameda Analysis, a hedge fund that additionally trades in cryptocurrencies, was a billionaire.

He was one of many richest males on the planet.

The 30-year-old former dealer was the institutional face of the crypto area, nicknamed “SBF” by his initials. He was merely the king of the fledgling blockchain-based monetary companies trade. Bankman-Fried was a god within the crypto sphere.

He had amassed this immense energy, largely by rescuing and buying crypto companies, weakened by the credit score crunch attributable to the collapse of sister cryptocurrencies Luna and UST on Might 9. 

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