Sam Bankman-Fried: The Face of Crypto

Sam Bankman-Fried, the founder of FTX, emerged as a prominent figure in the crypto world, breaking through into popular culture. He made billions in crypto, became a symbol of respectability in an industry known for questionable characters, and donated vast sums to charitable causes through effective altruism. FTX, his major cryptocurrency exchange, gained institutional investors and he was praised for saving struggling crypto companies. However, the collapse of FTX and the revelation that a significant portion of his company's net equity was backed by the FTT cryptocurrency raised questions about the stability of his empire.