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Dec 22, 2022

[Ans] Sam Bankman-Fried, who was recently arrested on fraud charges, founded what cryptocurrency exchange?

Step 1 : Introduction to the question "Sam Bankman-Fried, who was recently arrested on fraud charges, founded what cryptocurrency exchange?"



Samuel Benjamin Bankman-Fried was the founder and CEO of the cryptocurrency exchange FTX and the cryptocurrency trading firm Alameda Research. FTX experienced a crisis in late 2022, which led to a collapse in FTX's native cryptocurrency, FTT. On December 12, 2022, Bankman-Fried was arrested in the Bahamas and indicted the following day. Mr. Bankman-Fried faces eight counts of fraud and conspiracy. The 30-year-old former crypto celebrity has admitted to managerial mistakes but has denied knowingly defrauding customers and investors.




Step 2 : Answer to the question "Sam Bankman-Fried, who was recently arrested on fraud charges, founded what cryptocurrency exchange?"



FTX:


Samuel Benjamin Bankman-Fried was the founder and CEO of the cryptocurrency exchange FTX and the cryptocurrency trading firm Alameda Research. FTX experienced a crisis in late 2022, which led to a collapse in FTX's native cryptocurrency, FTT. On December 12, 2022, Bankman-Fried was arrested in the Bahamas and indicted the following day. Mr. Bankman-Fried faces eight counts of fraud and conspiracy. The 30-year-old former crypto celebrity has admitted to managerial mistakes but has denied knowingly defrauding customers and investors.


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