The Trial Against Sam Bankman-Fried: How Did We Get Here?

FTX, founded by Sam Bankman-Fried and Gary Wang in 2019, quickly became a major player in the crypto exchange market, attracting significant investments and celebrity endorsements. By 2022, FTX was valued at $32 billion. Bankman-Fried, known for his effective altruism and political donations, faced a crisis in November 2022 when FTX's financial instability was exposed, leading to a massive withdrawal of funds. Attempts to sell FTX to Binance failed, resulting in bankruptcy and Bankman-Fried's resignation. He later faced legal charges for financial fraud, marking one of the largest fraud cases in American history.

What was Sam Bankman-Fried's stance on using his wealth for good?

What were the consequences for Sam Bankman-Fried after the collapse of FTX?