“Our society is run by insane people for insane objectives.” -JOHN LENNONFTX, the cryptocurrency exchange company organized by young American entrepreneur Sam Bankman-Fried, has collapsed.
Let me cite some published reports. According to Opensecrets, “he donated $39,884,256 to Democrats before FTX imploded and had to file for bankruptcy. An estimated one million customers and investors lost billions of dollars in the exchange collapse. FTX is currently being investigated for mishandling customer funds.”
FTX was just then on the rise and I thought the sponsorship of an on-line chess tournament was way beyond the cryptocurrency nature of business. There were photos circulating on social media platform like Facebook about some casual sexual liaisons within.His parents are both lawyers who earned law degrees from Yale.. Joseph Bankman, who is a BA alum from UC Berkeley, and Barbara Fried both teach law at Stanford where they are held in high esteem..