The failed crypto exchange FTX filed for bankruptcy just over a year ago, in November 2022, and a series of wild stories have emerged about the company since. The company’s collapse revealed that its cofounder and CEO Sam Bankman-Fried had secretly been funnelling customer funds to prop up its sister firm Alameda Research. Bankman-Fried has now been found guilty of seven counts of fraud and conspiracy in a month long criminal trial in Manhattan and may face up to 110 years in prison.
However, the disgraced tech founder was once a billionaire and immensely respected in the crypto industry. His connections went to the stars with famous personalities like Anna Wintour, Tom Brady, Gisele Bündchen, and Larry David. He was additionally viewed as the poster kid for Effective Altruism, as he consistently guaranteed to provide as much of his cash for philanthropic movements.
Since FTX’s bankruptcy, murky points of interest about the luxurious lifestyle Bankman-Fried and his comrades at FTX presided over have emerged. Check out this list of the seven wildest stories that have come to the fore about Crypto exchange FTX and its leader Sam Bankman-Fried.
