Five things we know about the collapse of FTX and Sam Bankman-Fried
by Lauren Aratani from US news | The Guardian on (#66T7T)
Company founder was arrested and charged with running a house of cards' in one of the biggest financial frauds in US history'
It has been another crazy 48 hours in the collapse of FTX, once the second-largest cryptocurrency exchange in the world.
On Monday, the company's now-infamous founder, Sam Bankman-Fried, was arrested in the Bahamas, a day before he was set to give testimony before Congress. On Tuesday US authorities issued damning charges that the 30-year-old former billionaire ran a house of cards" and was behind one of the biggest financial frauds in American history".
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