Collapsed cryptocurrency exchange whose founder Sam Bankman-Fried used customer funds for investments now worth $114B.
“Court-appointed trustees sold the shares back to Cursor at cost during FTX's bankruptcy process. They would have been worth billions.”
“Sam Bankman-Fried lost his bid to overturn his fraud conviction and 25-year sentence over the collapse of FTX, with a federal appeals court saying the evidence against him was 'robust.'”
Source→“His overall portfolio out of what he his slush fund that he was inappropriately using illegally using customer funds to go invest. It'd be 114 billion dollars today.”
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