Sam Bankman-Fried built a reputation as the elder statesman of crypto. Then his empire came crashing down. We charted his rise to the top, his recent fall, and what it all means for the rest of the crypto world.
So far the world of crypto has existed mostly on the periphery of the economy; what happens in the crypto market hasn't much affected the rest of the world. But one man was determined to change that.
Sam Bankman-Fried, the 30-year-old founder of crypto companies FTX and Alameda Research, made billions in just a few years, and in the process, became the face of respectability in an industry usually associated with less-than-respectable characters. He was one of the few crypto nerds who broke through into popular culture. He, and FTX, were everywhere: he was on the cover of magazines like Fortune and Forbes, in Superbowl ads with and in ads in Vogue and The New Yorker; comedian
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