F T X

SBF, founder of FTX crypto exchange, started as a respected entrepreneur and philanthropist. He gained wealth through cryptocurrency trading, founded FTX, and became the richest crypto investor. However, allegations of using customer funds for his trading firm led to a liquidity crisis, causing FTX's value to plummet. SBF was arrested, extradited to the U.S., and indicted on multiple criminal fraud charges, marking one of the biggest financial frauds in American history.