Financial Crimes: The FTX Fallout and What Went Wrong
holliesmckay.substack.com
WASHINGTON, DC – Just a few months ago, 30-year-old Sam Bankman-Fried – SBF as he is widely known – was Washington's darling link to the crypto arena. The "Future Currency" (FTX) founder spent swaths of time in and around Capitol Hill, donating large sums to the Democratic Party, championing his digital currency exchange and crypto hedge fund and commitment to effective altruism with significant philanthropic donations. At its pinnacle in January 2022, FTX's market value exceeded $32 billion, having grown exponentially from its starting point in 2019.
Financial Crimes: The FTX Fallout and What Went Wrong
Financial Crimes: The FTX Fallout and What…
Financial Crimes: The FTX Fallout and What Went Wrong
WASHINGTON, DC – Just a few months ago, 30-year-old Sam Bankman-Fried – SBF as he is widely known – was Washington's darling link to the crypto arena. The "Future Currency" (FTX) founder spent swaths of time in and around Capitol Hill, donating large sums to the Democratic Party, championing his digital currency exchange and crypto hedge fund and commitment to effective altruism with significant philanthropic donations. At its pinnacle in January 2022, FTX's market value exceeded $32 billion, having grown exponentially from its starting point in 2019.