Sam Bankman freed was the he started FTX the exchange. He used funds from that exchange as collateral on another one of his companies called Alameda research. Binance, one of the other huge crypto exchanges in the world,. At first, they were like arguing about it. And then Binance was like, okay, we'll bail you out because these the two founders of these exchanges actually do know each other and they're both in the same sphere.

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