Sam Bankman - $27 Billion To Bankrupt By The Age Of 30
发布时间 2022-11-14 20:00:22 来源
摘要
Just a few weeks ago, Sam Bankman, the founder of FTX, was the celebrity crypto billionaire on YouTube. YouTubers of all sizes pitched FTX as being the go-to crypto exchange and Sam as being a philanthropic genius. There was some validity to this given that Sam had grown to a net worth of $27 billion by the age of 30. But, over the past week, his net worth has crumbled faster than it grew all the way back down to zero. In fact, FTX has actually filed for bankruptcy and there have been rumors that Sam Bankman has been trying to flee to Argentina. But, how did things U-turn so quickly for Sam Bankman? Well, in hindsight things are much clearer than they were as they unfolded. Likely the first red flag is that Sam himself isn’t that into crypto himself. He started FTX because he spotted an opportunity not because he truly believed in crypto. Second of all, FTX actively promoted extremely leveraged trading and investing which seems to have blown up in their face. This video explains the fall of Sam Bankman and FTX and how Sam Bankman went from $27 billion to bankrupt by the age of 30.
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Timestamps:
0:00 - The Fall
2:50 - Nonbeliever
5:56 - Mismanagement
9:16 - Bailout
11:22 - SEC Crackdown
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Resources:
https://pastebin.com/sE5cwtw4
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