SBF, or Sam Bankman-Fried, was the head of the FTX exchange for bitcoin and other digital coinage. He has been in the news for quite a while, starting as a wonder-boy who could do no wrong and morphing into a financial criminal of grand proportions (as alleged by the US Department of Justice). It was revealed today that $9 Billion of customer funds is missing. Sam is going to give Bernie Madoff a run for his money as they compete to be the masterminds of their respective "largest financial fraud ever".
https://gizmodo.com/ftx-sbf-sam-bankman-fried-crypto-1850183784
Gizmodo reports that "FTX Confirms $9 Billion in Customer Funds Vanished" via FTX and Alameda Research (Sam's other company).
Photo: deeper and deeper: measuring snow in Redmond WA on 26 Feb 2023.
No comments:
Post a Comment