Sam Bankman-Fried's star-studded cryptocurrency exchange FTX spectacularly collapsed two months ago. Its downfall was quickly followed by the arrest of its founder, who stands accused of 'one of the biggest financial frauds in American history'.
by the US Securities and Exchange Commission with fraud and violating campaign finance laws.He is also being sued over what prosecutors say isIt is alleged that he used FTX customer deposits to support his Alameda Research hedge fund, buy real estate and make millions of dollars in political contributions.
Between FTX filing for bankruptcy and his arrest, Bankman-Fried made several media appearances in which he admitted mistakes in his running of the crypto exchange, but denied he was criminally liable.
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