PORTRAIT – In one day, the young thirty-year-old lost 94% of his fortune. Back on the journey of this “workaholic”, one of the most influential men in cryptoassets.
Like a house of cards, an entire empire has just collapsed. The FTX cryptocurrency platform announced on Friday that it was filing for bankruptcy protection. Its leader, Sam Bankman-Fried, had no choice but to resign and give way to a former executive, John J. Ray III. This vertiginous fall represents, according to Bloomberg«one of the greatest wealth destructions in history“. How could Sam Bankman-Fried lose billions of dollars in one day? And who is hiding behind this almost ruined young thirty-year-old? Le Figaro goes back to his story.
This son of two law professors at Stanford University was destined for prestigious studies. He first studied physics at the Massachusetts Institute of Technology (MIT), before moving towards cryptocurrencies at the end of 2017. The following year, he moved to Hong Kong and launched FTX in 2019. This shopping site , resale and exchange of…
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