How Sam Bankman-Fried Built a $40 Billion House of Cards

How Sam Bankman-Fried Built a $40 Billion House of Cards How Sam Bankman-Fried Built a $40 Billion House of Cards
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Don Brady
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FTX was one of the largest crypto currency exchanges in the world with a market value of $40 billion. This turned founder and CEO Sam Bankman Fried into a billionaire with a net worth of $15 billion. Over the past week FTX collapsed in dizzying speed, declaring bankruptcy and freezing customer withdrawals. So what happened?

0:00 - 3:27 Intro
3:28 - 5:24 Rise of FTX
5:25 - 6:31 Earn Feature
6:32 - 7:43 JP Morgan of Crypto
7:44 - 9:06 Weak corporate governance
9:07 - 10:28 Alameda meltdown
10:29 - 12:00 FTX collapse
12:01 - 14:12 Misappropriation of funds
14:13 Bernie Madoff of crypto?

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