https://www.vox.com/the-goods/23458837/sam-bankman-fried-ftx-sbf-downfall-explained

He was a billionaire who had quickly amassed political and philanthropic influence. What happened?

A week ago, Sam Bankman-Fried was the boy-wonder face of crypto: A 30-year-old who founded one of the biggest cryptocurrency exchanges in the world, a celebrated philanthropist worth an estimated $16 billion, and a major Democratic donor who quickly found favor in Washington. By Friday, he was at the center of an epic flameout that left his empire and his image as an uncannily sharp, altruistic billionaire in ruins.