Sam Bankman-Fried And FTX Largest Crypto Fraud History – Bitcoin Magazine

Modern day alchemy, unsurprisingly, failed. A deep dive into FTX and the events leading to the collapse of the now notorious crypto exchange.

The below is an excerpt from the Bitcoin Magazine Pro report on the rise and fall of FTX. To read and download the entire 30-page report, follow this link.

The Beginnings

Where did it all start for Sam Bankman-Fried? As the story goes, Bankman-Fried, a former international ETF trader at Jane Street Capital, stumbled upon the nascent bitcoin/cryptocurrency markets in 2017 and was shocked at the amount of “risk-free” arbitrage opportunity that existed.

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