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Just months ago, Sam Bankman-Fried was a 30-year-old with a mop of brown hair and enough clout to go by his initials, SBF. He had a cryptocurrency exchange called FTX, a trading firm called Alameda Research, and $15.6 billion to his name, according to estimates from Bloomberg.
He had catapulted into one of the biggest names in crypto in a matter of four years and was setting his sights on mainstream finance.
Now, all he has left are his initials, and several legal proceedings ahead of him. Bankman-Fried was arrested Monday by Bahamian authorities at the US government’s request, «based on a sealed indictment» that was filed by the US Attorney’s Office Southern District of New York, the office tweeted.
