Bankman-Fried / 1 posts found
Tom Brady, Sam Bankman-Fried, and Cryptoworld Lose Big in FTX Meltdown
Cryptocurrency People are losing money — and faith — with crypto. Bloomberg I Getty ImagesSam Bankman-Fried at a crypto event. Sam Bankman-Fried, the previously lauded billionaire and CEO of cryptocurrency exchange FTX, saw his fortune and confidence in his platform tumble after a CoinDesk article revealed that a company he also owned was heavily dependent on an asset without independent value, leading to panic from FTX customers and in the crypto world, in general, this week. One fear was that FTX was not solvent, i.e., that customers would not be able to actually withdraw their coins from the platform. The […]