WATCH: Sam Bankman-Fried's final interview before getting arrested
ntil early November former FTX CEO Sam Bankman-Fried could do no wrong. The 30-year-old former wunderkind, who toldin October 2021 profile that “he got into crypto without really knowing what crypto was”, amassed a $26.5 billion fortune in just four years. Save for Meta CEO Mark Zuckerberg, nobody that young had ever gotten that rich.
It all changed on November 2, when a leaked FTX balance sheet became public showing that his entire empire was being propped up by a crypto token, FTT, that he invented and largely controlled. Its price crash from $26 to below $2 led to a run on FTX and ultimately its bankruptcy.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX ex-CEO Sam Bankman-Fried says he wants to start a new businessSam Bankman-Fried, the disgraced founder of the failed crypto-exchange FTX, says he wants to start a new business to help his investors make back the money they lost in the crash.
Read more »
Today At 11AM ET: Forbes’ Streaming Interview With FTX Founder Sam Bankman-FriedAt 11am EST Forbes will be livestreaming an interview between FTX founder Sam Bankman-Fried and Forbes Digital Assets Director of Research Steve Ehrlich. The livestream will occur less than 24 hours before Bankman-Fried is set to testify before Congress.
Read more »
Today At 11AM ET: Forbes’ Streaming Interview With FTX Founder Sam Bankman-FriedAt 11am EST Forbes will be livestreaming an interview between FTX founder Sam Bankman-Fried and Forbes Digital Assets Director of Research Steve Ehrlich. The livestream will occur less than 24 hours before Bankman-Fried is set to testify before Congress.
Read more »
US lawmakers set to grill Sam Bankman-Fried on the collapse of FTX | CNN BusinessWith his vast crypto empire in ruins, Sam Bankman-Fried is preparing to be grilled by US lawmakers who are demanding answers about how his digital asset exchange, FTX, came unraveled, leaving at least a million customers unable to access their funds.
Read more »
Ex-FTX CEO Sam Bankman-Fried says he will testify remotely before House committeeDisgraced former FTX chief Sam Bankman-Fried confirmed he will testify remotely on Tuesday before a House committee regarding the crypto exchange's collapse.
Read more »