Who Is Sam Bankman-Fried, the ‘Savior’ Who Crashed FTX?

<p>Have you heard about Sam Bankman-Fried and FTX? FTX was the second largest crypto currency exchange in the world and Bankman-Fried was the guy who ran it. He was a young genius, people said. He practiced something called “effective altruism,” gave away money to people on the street, played video games, and was predicted to be the world’s first trillionaire.</p><br><p>Now he’s bankrupt, FTX is in ruins and large amounts of crypto seem to keep shifting around with no explanation. So who was Bankman-Fried? Why did everyone think he was a genius? And how did FTX seemingly make billions of dollars in wealth evaporate overnight.</p><br><p>On this episode of Cyber, Motherboard staff writer Edward Ongweso Jr. tries to answers those questions.</p><br><p><strong>Stories discussed in this episode:</strong></p><br><p><a href="https://www.vice.com/en/article/qjkmvw/sam-bankman-frieds-ftx-crypto-empire-is-officially-bankrupt" rel="noopener noreferrer" target="_blank"><strong>Sam Bankman-Fried’s FTX Crypto Empire Is Officially Bankrupt</strong></a></p><br><p><a href="https://www.vice.com/en/article/dy7epm/sam-bankman-fried-was-supposed-to-be-different-he-wasnt" rel="noopener noreferrer" target="_blank"><strong>Sam Bankman-Fried Was Supposed to Be Different. He Wasn't.</strong></a></p><br><p><a href="https://www.vice.com/en/article/y3pkvw/ftx-founder-sam-bankman-fried-i-fucked-up" rel="noopener noreferrer" target="_blank"><strong>FTX Founder: ‘I Fucked Up’</strong></a></p><br><p><strong>We’re recording CYBER live on</strong><a href="https://www.twitch.tv/motherboardtv" rel="noopener noreferrer" target="_blank"><strong> Twitch</strong></a><strong> and</strong><a href="https://www.youtube.com/motherboard" rel="noopener noreferrer" target="_blank"><strong> YouTube</strong></a><strong>. Watch live during the week.</strong><a href="https://www.twitch.tv/motherboardtv/" rel="noopener noreferrer" target="_blank"><strong> Follow us</strong></a><strong> there to get alerts when we go live. We take questions from the audience and yours