One INSANE Risk Took Down His Crypto Empire

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2 years ago
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FTX Sam bankman-fried SBF crypto

Sam Bankman-Fried was not the altruistic guy he portrayed himself to be. Visit https://brilliant.org/Newsthink/ to start learning STEM for FREE, and the first 200 people will get 20% off their annual premium subscription.

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Thumbnail source:
Sam Bankman-Fried image sourced from @ftx_official on Instagram

Image sources:
0:26 Interview with Mercatus Center (creative commons license - re-use allowed) https://www.youtube.com/watch?v=T3mFAZCEp8A
2:44 350z33, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0 via Wikimedia Commons
2:46 Gatorfan252525, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0 via Wikimedia Commons
2:48 Phillip Pessar, CC BY 2.0 https://creativecommons.org/licenses/by/2.0 via Wikimedia Commons
2:55 Broll courtesy of Cointelegraph (creative commons license - re-use allowed) https://www.youtube.com/watch?v=EsmhjNtlT_Y
3:41 Caroline Ellison image sourced from Liquid https://blog.liquid.com/women-in-crypto-caroline-ellison
7:50 Changpeng Zhao image: Aevozer, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0 via Wikimedia Commons
8:36 Bankman-Fried image sourced from Alamy (Newsthink Ltd. is a registered client)
8:39 Gage Skidmore, CC BY-SA 2.0 https://creativecommons.org/licenses/by-sa/2.0 via Wikimedia Commons
8:42 Michael Stokes, CC BY 2.0 https://creativecommons.org/licenses/by/2.0 via Wikimedia Commons

Articles
referenced:
Coindesk article on FTX executives dating each other https://www.coindesk.com/business/2022/11/10/bankman-frieds-cabal-of-roommates-in-the-bahamas-ran-his-crypto-empire-and-dated-other-employees-have-lots-of-questions/
Coindesk article on ties between FTX and Alameda https://www.coindesk.com/business/2022/11/02/divisions-in-sam-bankman-frieds-crypto-empire-blur-on-his-trading-titan-alamedas-balance-sheet/
Reuters reporting on the FTX scandal: https://www.reuters.com/technology/exclusive-behind-ftxs-fall-battling-billionaires-failed-bid-save-crypto-2022-11-10/
Reuters article on the missing $1 billion customer funds https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/

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