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Sam Bankman-Fried founded what he claimed were two separate companies: a hedge fund called Alameda Research and FTX crypto exchange. He went the whole hog, hyping his own fiat token and then used it as collateral to create loans for himself, and also ran a classic Ponzi scheme by robbing his depositors to gamble on the markets. And that’s just the beginning.
Here Cold Fusion offers a deep dive into Sam Bankman-Fried (SBF), and the FTX and Alameda Research catastrophe.
Watch:
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