Sam Bankman-Fried, FTX’s former CEO whose net worth plunged from billions of dollars to zero, was arrested in the Bahamas on Monday and charged with securities fraud in the U.S. on Tuesday.
Sam Bankman-Fried, FTX’s former CEO, was arrested in the Bahamas after the U.S. Attorney for the Southern District of New York filed a sealed indictment.
Here’s a timeline of how Bankman-Fried went from being CEO of the cryptocurrency exchange company to being in custody. Bankman-Fried attends Massachusetts Institute of Technology, majoring in physics and minoring in math.The then-27-year-old starts FTX. His wealth reached $26 billion at one point, according to reports.Bankman-Fried and other FTX executives donate tens of millions of dollars to political campaigns. Bankman-Fried is also one of President Joe Biden’s largest single donors.
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