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Samuel Benjamin Bankman-Fried [2] (born March 5, 1992), commonly known as SBF, [3] is an American entrepreneur who was convicted of fraud and related crimes in November 2023. . Bankman-Fried founded the FTX cryptocurrency exchange and was celebrated as a "poster boy" for crypto, [4] with FTX having a global reach with more than 130 international affiliates.
[22] Principal shareholder Bankman-Fried had an estimated net worth of $10.5 billion in October 2022 [23] and it dropped to approximately $1 billion according to the Bloomberg Billionaires Index following the crises and preliminary acquisition agreement on 8 November 2022.
In 2019, Bankman-Fried had the idea of starting a cryptocurrency exchange to help bring in revenue to fund Alameda's activities and founded FTX. [19] Bankman-Fried was the CEO of both companies until he formally stepped down from his position at Alameda in October 2021, promoting traders Caroline Ellison and Sam Trabucco to co-CEOs. [20]
Unless you follow the cryptocurrency sector closely, you may not know the name Sam Bankman-Fried, best known by his initials SBF. But the crypto billionaire made headlines in mid-December not for ...
FTX was once valued at more than $30 billion, with Bankman-Fried's net worth estimated at more than $20 billion. FTX collapsed in November 2022 after it was revealed that it had a major cash ...
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Sam Bankman-Fried, now 29, is a billionaire 16 times over, according to a recent Forbes estimate. But can he make FTX, his risky crypto business, work?
Gary Wang (born c. 1993) [1] is an American computer programmer who co-founded the crypto currency exchange FTX with Sam Bankman-Fried.At the height of his success in 2022, Wang was ranked the 227th richest American in the Forbes 400, and the 431st richest person in the world by The World's Billionaires. [3]