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Why the World Fell for FTX CEO Sam Bankman-Fried | WIRED

 1 year ago
source link: https://www.wired.com/story/plaintext-why-the-world-fell-for-sam-bankman-fried-ftx/
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Why the World Fell for Sam Bankman-Fried

Despite ample reasons to be skeptical of cryptocurrency schemes, the notion of the eccentric genius accomplishing extraordinary things was irresistible.
Sam BankmanFried speaking into a microphone while testifying at a House Financial Services Committee hearing
"Look, I've had a bad month," Sam Bankman-Fried said in a recent interview, in what might be the understatement of 2022.Photograph: Tom Williams/Getty Images

Back in April I paid $12 to “attend” a virtual event with 30-year-old crypto billionaire Sam Bankman-Fried. Around 45 other people registered for the Zoom, which was hosted by Manny Yekutiel, a San Francisco-based Democratic organizer and owner of the eponymous civic venue Manny’s

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