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Here's What Happened To Sam Bankman-Fried | Logically Answered
Here's What Happened To Sam BankmanFried
Earn Cash Back On Stocks: Up To $5,000 Per Year
https://www.silomarkets.com/logic
Just one year ago, Sam BankmanFried was one of the most successful young adults in the world with a net worth north of $30 billion by the time he was just 30 years old. What was even more impressive about Sam was his noble ambitions. He wasn’t looking to buy mega yachts or mega mansions, he actually wanted to donate all of his money. In fact, according to Sam, the only reason he was looking to get rich was so that he could donate his money. But, this facade rapidly came crumbling down when it was revealed that FTX wasn’t as safe and secure as people originally believed. It turns out that FTX had actually been lending a lot of their deposits to their sister trading firm, Alameda Research, and a lot of the funds were actually held in an inhouse crypto called FTT token. By the time this news came out, it was already over for Sam BankmanFried as people rushed to withdraw their money from FTX. Before you knew it, this led to FTX going bankrupt and Sam being questioned for ignorance, negligence, and straightup fraud. This video explains what happened to Sam after FTX came crumbling down and what his punishment may be.
Free Weekly Newsletter With Insiders:
https://logicallyanswered.co/
Socials:
https://www.instagram.com/hariharan.jayakumar/
Discord Community:
https://discord.gg/SJUNWNt
Timestamps:
0:00Red Flags
2:54Arrested
6:27The Cards Fall
10:10Trial Begins
Thumbnail Credit:
Bloomberg
https://bit.ly/40fvoy7
Resources:
https://pastebin.com/f2tvsD56
Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.
Find Logically Answered on YouTube: https://www.youtube.com/@LogicallyAnswered/
Disclaimer: This podcast is an independently created audio adaptation of content originally published by Logically Answered. This is a fan made podcast that appreciates the channel’s insightful approach to knowledge and aims to make it accessible to those who prefer listening over watching. This podcast is not affiliated with, endorsed by, or officially connected to Logically Answered in any way. All rights to the original content belong to Logically Answered. If you have any concerns, please reach out.
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By Logically AnsweredHere's What Happened To Sam BankmanFried
Earn Cash Back On Stocks: Up To $5,000 Per Year
https://www.silomarkets.com/logic
Just one year ago, Sam BankmanFried was one of the most successful young adults in the world with a net worth north of $30 billion by the time he was just 30 years old. What was even more impressive about Sam was his noble ambitions. He wasn’t looking to buy mega yachts or mega mansions, he actually wanted to donate all of his money. In fact, according to Sam, the only reason he was looking to get rich was so that he could donate his money. But, this facade rapidly came crumbling down when it was revealed that FTX wasn’t as safe and secure as people originally believed. It turns out that FTX had actually been lending a lot of their deposits to their sister trading firm, Alameda Research, and a lot of the funds were actually held in an inhouse crypto called FTT token. By the time this news came out, it was already over for Sam BankmanFried as people rushed to withdraw their money from FTX. Before you knew it, this led to FTX going bankrupt and Sam being questioned for ignorance, negligence, and straightup fraud. This video explains what happened to Sam after FTX came crumbling down and what his punishment may be.
Free Weekly Newsletter With Insiders:
https://logicallyanswered.co/
Socials:
https://www.instagram.com/hariharan.jayakumar/
Discord Community:
https://discord.gg/SJUNWNt
Timestamps:
0:00Red Flags
2:54Arrested
6:27The Cards Fall
10:10Trial Begins
Thumbnail Credit:
Bloomberg
https://bit.ly/40fvoy7
Resources:
https://pastebin.com/f2tvsD56
Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.
Find Logically Answered on YouTube: https://www.youtube.com/@LogicallyAnswered/
Disclaimer: This podcast is an independently created audio adaptation of content originally published by Logically Answered. This is a fan made podcast that appreciates the channel’s insightful approach to knowledge and aims to make it accessible to those who prefer listening over watching. This podcast is not affiliated with, endorsed by, or officially connected to Logically Answered in any way. All rights to the original content belong to Logically Answered. If you have any concerns, please reach out.
-----------------------------------
Learn more about your ad choices. Visit megaphone.fm/adchoices