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FTX founder Sam Bankman-Fried on trial: All you need to know
Once the poster child for responsibility in the crypto sector, Sam Bankman-Fried faces seven counts of fraud and conspiracy and is accused of embezzling funds and contributing to the downfall of the prominent cryptocurrency exchange FTX. Sam Bankman-Fried, known in the crypto community as "S.B.F.," founded the collapsed cryptocurrency exchange FTX. The 31-year-old American founded the crypto hedge fund Alameda Research in 2017 before launching FTX in 2019. Prior to his involvement in the cryptocurrency sector, he worked as a trader on Wall Street. At his peak, Bankman-Fried held a fortune of $26 billion (€24 ... (full story)