Bankman-Fried

Sam Bankman-Fried, CEO and Founder of FTX, walks near the U.S. Capitol, in Washington, D.C., on September 15, 2022.Photo: Graeme Sloan/Sipa USA (AP)FTX filed for bankruptcy on Friday, leaving reasonable people to wonder how a cryptocurrency platform founded in 2019, which reached a valuation of $32 billion in 2021, could plummet to zero in such a short time. There’s a new piece in the New York Times which gained exclusive access to FTX founder Sam Bankman-Fried, but if you’re looking for answers, you’re not going to find…

Michael Lewis, author of Moneyball and The Big Short (left) and Sam Bankman-Fried, founder of FTX (right)Photo: David Levenson / Tom Williams/CQ-Roll Call, Inc (Getty Images)Michael Lewis, author of Moneyball and The Big Short, has been following FTX founder Sam Bankman-Fried for the past six months to write his next book. And while the potential ending of Lewis’s book has obviously changed in the past week since FTX’s $32 billion implosion, Lewis is already shopping around the movie rights, according to a new report from…

Sam Bankman-Fried announced he was stepping down as CEO from his crypto exchange FTX.Photo: Alex Wong (Getty Images)RIP FTX. The company announced Friday morning that they were starting Chapter 11, AKA reorganizational bankruptcy proceedings. In addition, CEO Sam Bankman-Fried’s other crypto firm, Alameda Research and Weste Realm Shires Services, which is also known as FTX.US, are also tangled up in the proceedings.07:33The Dead Friends Society Audiobook ClipYesterday 3:38PMThe 30-year-old supposed wunderkind…

Photo: Alex Wong (Getty Images)It turns out “effective altruism” isn’t so effective when a billionaire donor’s money dries up.Watch an Exclusive Clip From the Finale of Interview With the Vampire03:26Segment of Challenger Space Shuttle Found at Bottom of Atlantic OceanYesterday 1:50PMThat realization rang especially true this week for members of the FTX Foundation’s Future Fund, whose entire team resigned on Thursday saying they“are now unable to perform our work or process grants.” The resignation comes amid a continued…

Sam Bankman-Fried is having a hard week (along with FTX users and investors.) The CEO and co-founder of FTX, the rapidly collapsing cryptocurrency exchange, is facing newly expanded federal investigations, as a liquidity crisis tanks the value of the firm’s native token, FTT. His billions in personal wealth have all but evaporated over the course of days. An attempted rescue deal with rival exchange Binance fell apart very publicly. FTX investors have declared the exchange worthless, and employees of the company have…

Big tech billionaire Sam Bankman-Fried, the CEO of FTX, recently went big head mode at the 2022 Forbes iconoclast Summit, but only a few weeks later he announced his main crypto exchange is being absorbed by Binance.Photo: Arturo Holmes (Getty Images)The crypto winter has swallowed one of the world’s leading crypto suppliers. FTX, which up until now was ranked the third largest exchange by trading volume, announced Tuesday they were being acquired by rival exchange Binance, the absolute largest exchange in the biz.Binance…