SBF & FTX - THE FRAUD OF THE CENTURY?

FTX, one of the world's largest cryptocurrency exchanges, which was recently valued at $30 billion, declared bankruptcy this week. There were reportedly over a million users of FTX, and they risk losing all of the funds they had stored or invested on the exchange. Sam Bankman-Fried ("SBF"), the 30-year-old CEO of FTX, was arguably the establishment leftwing media's biggest crypto darling. However, many are now wondering how SBF's scam went undetected for so long and what the implications will be for the whole crypto industry. To answer these questions, let's start by taking a look at the man himself.

#ftx #sbf #cryptonews

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