Sam Bankman-Fried has been spotted roaming free in the Bahamas after there were reports that the former FTX CEO was being detained by Bahamian police.
Sam Bankman-Fried was hailed as a savior of crypto before FTX’s implosion.
Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch. WSJ explains the factors that drove FTX’s growth and what led to its downfall.
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