Sam Bankman-Fried cofounded FTX, a cryptocurrency exchange in 2019 which offered lower fees and faster transactions

By The USA Buzz March 29, 2024

SBF quickly built persona in media as an eccentric and brilliant leader

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Despite being successful, Questions arise on FTX's structure

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In Nov'22 , liquidity crisis hits FTX's sister company resulting into domino effect and panic amongst investors

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in Jan'23,SBF is arrested in Bahamas on account of eight federal charges , including wire fraud, securities fraud and money laundering

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SBF pleaded not guilty, maintaining his innocence. The trial revealed cracks in FTX's ecosystem

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After complete investigation, the jury found SBF guilty on all 8 counts, calling it 'one of the largest financial frauds in american history'

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In a packed courtroom, SBF was sentenced to 25 years in prison for orchestrating $8 billon fraud

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