
We should have seen it coming.
Someone called “Bankman-Fried” is probably not the best guy to trust with your money.
Especially given he’s just 30 years old, looks like a Fyre Festival committee member, slobs around in the tax-free Bahamas in his shorts and sandals, and until a few days ago, reigned supreme in a financial world dubbed a delusional “rat poison” by the world’s greatest businessman, Warren Buffett.
Unfathomably, Sam Bankman-Fried managed to build a cryptocurrency exchange empire, FTX, which became the third-biggest in the world with a value of $32 billion before it all came crashing down last week — leaving up to a million people facing a potential wipeout on their investment.
How did he do this?