Sam Bankman-Fried

Sam Bankman-Fried is an American entrepreneur and former CEO of FTX, a cryptocurrency exchange he founded in 2019. He gained significant attention for his rapid success in the cryptocurrency industry but faced legal troubles following the collapse of FTX in late 2022, which led to allegations of fraud and mismanagement. Bankman-Fried portrayed himself as a philanthropist, promoting effective altruism, but his company's implosion raised questions about transparency and ethics in the crypto space. His story highlights the volatility and risks associated with cryptocurrencies and the importance of regulatory oversight.