Article 65RGZ ‘I f****d up’: the rise and fall of US crypto king Sam Bankman-Fried

‘I f****d up’: the rise and fall of US crypto king Sam Bankman-Fried

by
Edward Helmore in New York
from Technology | The Guardian on (#65RGZ)

The 30-year-old wunderkind last week saw his giant FTX digital currency exchange collapse and his $17bn fortune disappear

He drives a Toyota Corolla to work, lives in a house with 10 roommates and a goldendoodle dog named Gofer, sometimes sleeps under his desk on a beanbag and was, until this week, worth tens of billions of dollars.

But on Friday, Sam Bankman-Fried, a curly-haired crypto king and Democratic mega-donor who claimed to be reinventing digital finance, gave up a week-long fight to save FTX, which in three short years since being launched had become the world's second largest digital currency exchange. He resigned as chief executive and the company and 130 affiliates were placed under US bankruptcy protection.

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