Template:Disaster roll - FTX

From The Jolly Contrarian
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FTX/Sam Bankman-Fried|| 2022 || US || $32bn (so far) || Hubris, stupidity, fraud || Fired: Gary Wang, Caroline Ellison, SBF Fired.
Bankruptcies: Alameda, Genesis, Blockfi.
Suspensions of trading: Gemini
Reported Losses: Crypto.com, Tiger Global Management, the Ontario Teachers' Pension Plan, SoftBank Group, BlackRock, Lightspeed Venture Partners, Temasek, and Sequoia Capital reported losses of $1bn || Charged with wire fraud conspiracy to commit securities fraud, money laundering, conspiracy to defraud the U.S., violation of campaign finance laws.