Author : Jackson N Anderson
Release : 2023-11-11
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Kind : eBook
Book Rating : /5 ( reviews)
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Book Synopsis Sam Bankman-Fried's Story by : Jackson N Anderson
Download or read book Sam Bankman-Fried's Story written by Jackson N Anderson. This book was released on 2023-11-11. Available in PDF, EPUB and Kindle. Book excerpt: Twenty-nine-year-old Sam Bankman-Fried is a crypto mogul and the CEO of one of the biggest cryptocurrency exchanges in the world, he became well-known, and at one point his personal net worth was more than $26 billion. But his digital currency empire ended quickly and unexpectedly at the beginning of November 2022. Sam Bankman-Fried was arrested and charged with criminal and civil conspiracy, securities fraud, and money laundering at the end of 2022. He was the founder and former CEO of the cryptocurrency exchange FTX Trading Ltd. People who did business with FTX and another company that Bankman-Fried started, Alameda Research LLC, lost a lot of money. In the indictment, he was accused of fraud, working with others to launder money, and other crimes, any of which could get him more than 100 years in jail. The rise of SBF in the crypto space has been fast and can't be denied. Due to his incredible financial knowledge and smart moves, like saving BlockFi from a cash problem, he became known as a rescuer in the dangerous world of cryptocurrencies. This made it easier for people to call him a "savior." During the height of his work, Sam Bankman-Fried was not only a well-known figure in the cryptocurrency business, but also one of its wealthiest people. But being rich wasn't the only thing that helped him become famous. People thought he was a powerful investor who could change the direction of the bitcoin market. The quick change in Bankman-Fried's luck shows how unpredictable the cryptocurrency market can be. By looking at his life, we can only guess whether history will see him as a creative leader or a shady businessman. However, for now, everyone in the cryptocurrency community is keeping a close eye on what's going on because they know how important a story like this can be for the whole business.