Quote
"I got involved in crypto without any idea what crypto was... It just seemed like there was a lot of good trading to do."

Sam Bankman-Fried
Sam Bankman-Fried
Samuel Benjamin Bankman-Fried, commonly known as SBF, is an American entrepreneur and convicted felon. Bankman-Fried founded the FTX cryptocurrency exchange and was celebrated as a "poster boy" for crypto, with FTX having a global reach with more than 130 international affiliates. At the peak of his net worth, he was ranked the 41st-richest American in the Forbes 400.
"I got involved in crypto without any idea what crypto was... It just seemed like there was a lot of good trading to do."
"Never in my career have I seen such a complete failure of corporate controls"
"I would never read a book... Im very skeptical of books. I don’t want to say no book is ever worth reading, but I actually do believe something pretty close to that, I think, if you wrote a book, you fucked up, and it should have been a six-paragraph blog post."
"He’s a phenom ... He’s achieved a lot so far, and he has the respect of a lot of investors—I’m one of them—but his job is just beginning."
"My plan was to write a profile of cryptos boy genius, the man who, at twenty-nine, seemed to have the future of money figured out His rise had been so meteoric that it seemed plausible when he said FTX would one day take over all of Wall Street. He was worth at least $20 billion, but he claimed hed only gotten rich so that he could give it all away. He drove a Toyota Corolla and liked to sleep at the office on a beenbag chair, which I could see next to his desk. It was an irresistable story. The problem was it was not true. While the media, politicians, venture capitalists, and investment bankers lauded him as a benevolent prodigy—a Warren Buffett or J. P. Morgan for the digital age—he was secretly embezzling billions of dollars of his customers money and blowing it on bad trades, celebrity endorsements, and an island real-estate shopping spree to rival any drug kingpins."