Sam Bankman-Fried and founder of the second largest cryptocurrency exchange FTX and hedge fund Alameda Research. He was born on March 6, 1992 and was one of the youngest billionaires in the world.
He studied at the prestigious MIT in Cambridge, Massachusetts, where he majored in physics and mathematics. In November 2017 he founded Alameda Research and in April 2019 he founded the cryptocurrency exchange FTX. In three years it has become the second largest in the world, behind only Binance, albeit with a large difference in turnover.
In 2020, he was the second largest individual donor in Joe Biden’s campaign, donating $ 5.2 million. In early 2022, he offered Elon Musk to help finance the Twitter acquisition, for between $ 1 billion and $ 8 billion.
At its best, his fortune reached $ 21 billion and the day before the FTX collapse was $ 14.6 billion. Just a day later, according to Bloomberg, it dropped to a “modest” $ 991.5 million, and then Sam Bankman-Fried walked off the billionaire list.
For the November 2022 election alone, Sam Bankman-Fried spent $ 40 million. He is also known as the largest cryptocurrency regulation lobbyist in Washington.
The collapse of FTX and its FTT token forced Sam Bankman-Fried to sell FTX to Binance. This led to a plunge in other cryptocurrencies as well, including Bitcoin, which fell to a 23-month low of $ 17,400.
