FTX Collapse Sparks Calls to Jail Founder Bankman-Fried

Published by
The Street

By Luc Olinga The cryptocurrency exchange suddenly collapsed on November 8, leaving millions of investors reeling. Sam Bankman-Fried, 30, is by far the most hated man alive today. He has been dubbed the Bernie Madoff of crypto by social media. This portrayal stems from the unexpected and unprecedented bankruptcy of his crypto empire, which will ruin many retail investors. FTX was one of the biggest players in the crypto universe until its collapse on November 8, when Bankman Fried announced that he had reached an agreement to sell his empire, which also includes Alameda Research, a cryptocurre…

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