Sam Bankman-Fried's downfall sends shockwaves through crypto

Sam Bankman-Fried's downfall sends shockwaves through crypto

2 years ago
Anonymous $_PGtSJbg8h

https://apnews.com/a2eaec231027dfd9f18426ff8982bbf8

NEW YORK (AP) — Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the savior of crypto, the newest force in Democratic politics and potentially the world’s first trillionaire.

Now the comments about the 30-year-old Bankman-Fried aren’t so kind after FTX filed for bankruptcy protection Friday, leaving his investors and customers feeling duped and many others in the crypto world fearing the repercussions. Bankman-Fried himself could face civil or criminal charges.

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