In this video, we are talking about Crypto King Sam Bankman-Fried and how he has fallen from $26 Billion to Zero in One Day.

Who is Sam Bankman-Fried and how he made $26 billion dollars within just three and a half years?

What led One of the world's leading cryptocurrency exchanges crashed and burned in spectacular fashion last week? 

The second largest crypto exchange FTX is bankrupt. $10 Billion dollars of FTX investors’ money is gone.

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Victor Gichun is the Creator and Host of The Contributors Channel, and a co-founder of Excess Logic, a leading Nationwide Reverse Logistics Provider. Since 2012 Excess Logic has helped over 500 companies including Google and Meta (formerly Facebook) remove and decommission Surplus Test, Measurement, Lab, and R&D Equipment, Excess electronics and IT gear such as Laptops, Computers, Hard Drives, Graphic Cards, Gaming Devices, reclaim residual value and safely destroy data.

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Timing

00:00 FTX is Bankrupt 

00:52 Who invested in FTX 

01:55 What Happened with FTX? 

02:15 Who is Sam Bankman-Fried and how he made $26B in 3.5 years? 

02:52 Sam Bankman-Fried Founding Alameda Research 

03:02 How Sam Bankma-Fried Made first $9 Billion 

04:40 SBF Founding FTX with Gary Wang 

05:05 What led to FTX Declaring Bankruptcy? 

06:09 Where SBF crossed the line and became a criminal? 

07:52 FTX Users withdrew $5 Billion in one day 

08:26 Binance CEO CZ walking away from FTX acquisition 

09:09 What crypto exchange is going to fail next? 

11:03 What we can learn from FTX bankruptcy?

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