"From Boom to Courtroom: The Rise and Fall of Crypto's Billionaire CEOs"

1 min read
Source: Business Insider
"From Boom to Courtroom: The Rise and Fall of Crypto's Billionaire CEOs"
Photo: Business Insider
TL;DR Summary

FTX, once a prominent crypto exchange, collapsed in scandal as its co-founder Sam Bankman-Fried (SBF) was found guilty of fraud and conspiracy, facing up to 110 years in prison. Insider stories reveal a culture of extravagance, including SBF's $35 million penthouse shared with colleagues and a web of romantic relationships within his inner circle. The company's downfall exposed the misuse of customer funds and shattered the image of SBF, who was once celebrated for his philanthropy and connections with celebrities.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

5 min

vs 6 min read

Condensed

92%

1,05680 words

Want the full story? Read the original article

Read on Business Insider