Spellcaster: The Fall of Sam Bankman-Fried

The Smartest Person I Know | 1

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Jun 5, 2023
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ANECDOTE

Sam's Celebrity Crypto Show

  • Sam Bankman-Fried was a charismatic crypto star mingling with celebrities like Katy Perry and Orlando Bloom.
  • He captivated audiences with his awkward charm and grand promises to give away his $26 billion fortune.
INSIGHT

Rising Star Caroline Ellison

  • Caroline Ellison was described as the smartest person by a close friend and was co-CEO of Alameda Research.
  • Despite her youth and inexperience, she managed billions in crypto trades, showing rapid growth in the industry.
INSIGHT

Blurred Lines Between Companies

  • Alameda Research and FTX were supposed to be separate but shared leadership and living spaces.
  • This closeness raised concerns about potential conflicts of interest and ethical blurring in crypto trading.
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