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Showing posts from November, 2022

The fall of the FTX ‘King of Crypto’ Sam Bankman-Fried

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                                   Less than eight days after Sam Bankman-Fried earned the nickname " King of Crypto ," his company filed for bankruptcy and a federal complaint was filed over how he managed the company's finances. stepped down as CEO after facing an investigation. In recent years, the internet has been flooded with lengthy interviews with him, told via video chat from his office desk in the Bahamas. Some have loud clicks. His tone is insistent and distinctly that of an American businessman's rat as he listens intently to his incredible story of becoming a billionaire in five years. "Click, click, click" repeatedly turning on and off at high speed. Meanwhile, Mr. Bankman-Fried's eyes move across the screen. The video doesn't tell us what he does on his computer, but his tweets give us a pretty good clue. “(Notorious) for playing League of Legends while on the phone,” he tweeted in his February 2021. In a series of tweets to his nearly