Скачать или смотреть The Rise and Fall of Sam Bankman-Fried's FTX Empire

FTX, a major player in the cryptocurrency space, has filed for bankruptcy, leading to an investigation by Congress and the SEC. The company, valued at $32 billion just a few months ago, was founded in 2019 by Sam Bankman-Fried, who had become a well-known figure in the crypto world and made it onto lists of the wealthiest people under 30. The company gained popularity through high-profile acquisitions, a large marketing budget, and promises of high returns, and even secured the rights to rename the Miami Heat Arena the "FTX Arena." However, recent allegations that the native FTX coin, FTT, was the primary asset of Alameda Research and was being used as collateral on FTX's balance sheet raised concerns about the capital of both companies. When Binance announced plans to sell its FTT holdings, investors withdrew their funds from FTX, leading to a liquidity crisis and the company's eventual bankruptcy.