The fall of the FTX ‘King of Crypto’ Sam Bankman-Fried
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 1 million followers, he explained why. Playing Team Fantasy fighting games was his way of calming down as he runs two companies that trade billions of dollars a day.
"Some people drink too much. I play in the league," he said. It was less than eight days after Sam Bankman-Fried was dubbed the "King Of Crypto" and his company declared bankruptcy. The chief executive resigned and had to face a federal investigation into how he manages the company's finances.
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.
“I am (notorious) for playing League of Legends while on the phone,” he tweeted in his February 2021.
Bankman-Fried - former head of troubled cryptocurrency exchange FTX - is an avid gamer. In a series of tweets to his nearly 1 million followers, he explained why. Playing Team Fantasy fighting games was a way to free him from running two companies trading billions of dollars a day. I play in the league," he said.
Since the 30-year-old crypto empire collapsed dramatically this week, another anecdote about his gaming has surfaced online.
Venture capital giant Sequoia Bankman-Fried fought a League of Legends battle during a high-level video call with his investment team, according to his capital blog post.
But she didn't seem to dissuade her. The group invested his $210 million in Bankman-Fried's company, FTX.
This week, Sequoia Capital deleted its gushing blog post and announced that it would write off its investment in FTX as a loss.
The company isn't the only investor to lose staggering sums since the collapse of Bankman-Fried's $32 billion empire.
FTX has an estimated 1.2 million registered users who used the exchange to buy Bitcoin and thousands of other cryptocurrency tokens.
img:Sam Bankman-Fried : (Photo by Jabin Botsford/The Washington Post via Getty Images)
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