The Rapid Rise and Spectacular Fall of Crypto Mogul Sam Bankman-Fried's Global Empire
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Before his FTX crypto exchange imploded, Sam Bankman-Fried ran a global business empire spanning California, Hong Kong, and the Bahamas.
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Bankman-Fried started his first crypto company Alameda Research in the Bay Area, later moving it to Hong Kong as FTX grew.
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FTX heavily marketed itself, signing sponsorship deals like renaming the Miami Heat arena and courting celebrity endorsements.
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Bankman-Fried bought luxury homes in Washington DC and the Bahamas, planning to build FTX headquarters in Nassau.
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After FTX's collapse, Bankman-Fried was arrested in the Bahamas before being extradited to face fraud charges in New York.
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