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FTX founder Sam Bankman-Fried: What to know about the ex-crypto exec
Sam Bankman-Fried used FTX funds as his own ‘personal piggy bank’: Jordan Belfort
‘The Wolf of Wall Street’ Jordan Belfort joined ‘Maria Bartiromo’s Wall Street’ to discuss the fallout from the collapse of FTX and scrutiny facing A-list celebrities and the SEC chair.
Former FTX CEO Sam Bankman-Fried was one of the wealthiest people in the crypto industry before his empire collapsed. The downfall of the $32 billion trading platform is the largest-ever failure of a cryptocurrency exchange.
The once-dominant player in the world of virtual currency left customers and investors scrambling when Bankman-Fried and his company filed for Chapter 11 bankruptcy protection on Nov. 11 and 14.
Bankman-Fried co-founded the FTX trading platform in May 2019 with Zixiao "Gary" Wang. FTX began within Alameda Research, a crypto trading firm that Bankman-Fried and others founded in 2017.
Early life and Education
The 30-year-old is the son of two Stanford Law School professors. His father, Joseph Bankman, is a leading scholar in the field of tax law. His mother, Barbara Fried, has written extensively on questions of distributive justice in the areas of tax policy, property theory and political theory.
Bankman-Fried grew up in Hillsborough, California. As a high school student, he attended the Canada/USA Mathcamp, a summer program for mathematically gifted students.
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