GUILTY
The Fall of a Crypto King: Sam Bankman-Fried, Once Guilty, Stripped of All but His Bad Hair
“Sam Bankman-Fried perpetrated one of the biggest financial frauds in American history,” says U.S. attorney Damian Williams.
Published in
9 min readNov 3, 2023
High Stakes, High Falls
If I invested in crypto I could have been the next millionaire .. who lost everything.
When Bitcoin was created in 2009 by Satoshi Nakamoto whose identity remains a mystery, it was envisioned as a decentralized digital currency.
As Bitcoin and its other copycats have become ubiquitous in the digital financial realm, what was once thought to be an instrument to change the world, only became another instrument to commit crime.
And this is what the FTX Sam Bankman Fried, case is all about, the timeless tale of greed.
Today, Sam Bankman was found guilty by a jury and he has to spend 110 years in prison.
He would die not as the Crypto King he was once hailed, as but as a con man who is left with nothing but memes of his bad hair.
