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The Intelligence: The fallen crypto king learns his fate
Economist Podcasts
The downfall of a crypto industry whiz kid
A former crypto industry whiz kid, Sam Bankman-Fried, who once lived a glamorous life hobnobbing with politicians and celebrities, is now facing a potential prison sentence of up to 110 years. His cryptocurrency exchange, FTX, engaged in fraudulent activities by loaning customer funds to a sister company, Alameda Research, which his lawyers argue was only 6 years of prison-worthy.
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