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Friends, lovers and colleagues: the secrets of the quartet that orchestrated the rise and fall of FTX

2023-01-02T18:10:31.218Z


INVESTIGATION – Denounced by some of his relatives, Sam Bankman-Fried, the founder of the cryptocurrency exchange platform, appears in US justice on Tuesday.


A shaggy-haired, scruffy-looking Wall Street wolf in the dock.

Former darling of cryptocurrency enthusiasts, Sam Bankman-Fried, founder of FTX, appears this Tuesday, January 3 in court for the Southern District of New York.

Once adored, this thirty-year-old spent on the benches of the prestigious Massachusetts Institute of Technology (MIT) was nevertheless on the way to becoming the Warren Buffett 4.0.

His business, which mixes a dream life in the Bahamas, scam and torrent of money, has everything from a Hollywood movie.

The story begins in 2019, when Sam Bankman-Fried launched FTX, a cryptocurrency exchange that experienced a lightning rise.

The geek manages his business with an undeniable talent for communication, quickly attracting huge investments.

He becomes one of the influential figures in the sector and places FTX as the second most important player in the world behind Binance, dethroning the illustrious Coinbase launched in 2012. His platform sees transit…

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Source: lefigaro

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