Sam Bankman-Fried had a meteoric rise and an even sharper fall, from running a £21bn crypto empire to facing a possible jail sentence of more than 100 years. But who is the curly haired 31-year-old, and how did he reach this point?
The trial of the founder of the FTX cryptocurrency exchange is due to start on Tuesday 3 October.Bankman-Fried grew up in California's wealthy San Francisco Bay area, where he attended a $56,000-a-year school.He studied at the Massachusetts Institute of Technology where he lived in a group house called Epsilon Theta, which promotes itself as an alcohol-free community"known for liking beanbags, board games, puzzles, and rubber ducks".
He pushed back against claims of drug and alcohol use at FTX, telling the New York Times' DealBook Summit there were no"wild parties" at the company. While studying, he was reportedly considering a career in animal welfare, having organised a protest against factory farming in his first year of college.
When Bankman-Fried took a job at quantitative trading firm Jane Street after graduating, he said he donated about half of his salary to charities, including animal welfare organisations.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Sam Bankman-Fried: How FTX founder went from star-studded £21bn empire to facing trialSam Bankman-Fried, the founder of cryptocurrency exchange FTX, is set to go on trial facing charges of fraud, laundering, and campaign finance violations. He also faces another trial in March next year on five related charges. He has pleaded not guilty.
Lire la suite »
Decoding Sam Bankman-Fried, alleged titan of crypto conmenMichael Lewis challenges assumptions about his mesmerising, maddening subject
Lire la suite »
'Life changing' hack to make the perfect fried egg in just three minutesThe Tiktoker blew her followers away with the clever technique that produces a fried egg in just minutes without using a fry pan.
Lire la suite »
Inside Sam Heughan's life - £1million mansion and job before Outlander fameLet's take a look into Sam Heughan's life, from his pre-Outlander success to his house purchases..
Lire la suite »
Sam Johnstone makes admission over winning return to Man UtdRoy Hodgson's side were comfortably beaten by Man United in the Carabao Cup midweek but bounced back to take all three points in the Premier League.
Lire la suite »