SAM Bankman-Fried is the founder of cryptocurrency exchange FTX.
The 30-year-old tycoon was arrested on December 12, 2022 over the collapse of his £27 billion empire before extradition to the US.
Sam Bankman-Fried, Founder and CEO of FTX[/caption]
Who is Sam Bankman Fried?
Sam is an American entrepreneur and investor.
He was born on the Stanford University campus in 1992 into an academic family.
After graduating from Massachusetts Institute of Technology, he began his career at trading firm Jane Street Capital, specializing in arbitrage trading strategies.
In November 2017 he co-founded Alameda Research, a quantitative trading firm.
He then launched FTX in 2019 and grew it into one of the leading exchanges for buying and selling crypto derivatives such as Bitcoin, Ethereum and other popular digital currencies.
As of early 2022, investors valued FTX and its US operations at a combined $40 billion.
At its peak, the trading platform had well over a million users.
Who are Joseph Bankman and Barbara Fried?
Sam’s parents are Stanford Law School professors Barbara Fried and Joseph Bankman.
Fried is an American attorney who is currently Professor of Law of William W. and Gertrude H. Saunders.
Joseph Bankman is a law professor and clinical psychologist[/caption]
From 1984 to 1987 she was an Associate Attorney with the law firm of Paul, Weiss, Rifkind, Wharton & Garrison.
In 1987 she joined the faculty of Stanford Law School.
Her husband, Joseph Bankman, is also an attorney and is currently the Ralph M. Parsons Professor of Law and Economics at Stanford Law School.
He is also a licensed psychologist, having earned an additional degree midway through his career.
He used his degree by advising first-year law students.
The couple have two sons, Sam and Gabe.
Barbara Fried is a law professor at Stanford University[/caption]
Why was Sam Bankman-Fried arrested?
The cryptocurrency tycoon was arrested on December 12, 2022 following the collapse of the crypto exchange.
He now faces extradition to the United States accused of “abusing client funds deposited with FTX to artificially prop up another of his businesses: a crypto hedge fund, Alameda Research, which he ran concurrently while appearing to be one evaded financial ethics scrutiny,” according to National Review.
His arrest comes after last month when his entire staff resigned publicly, releasing a statement that said, “You have fundamental questions about the legitimacy and integrity of the operations that have funded the FTX Foundation and Future Fund.”
https://www.the-sun.com/news/6902702/who-sam-bankman-frieds-parents/ Who are Sam Bankman Fried’s parents?