FTX Scandal – He Lost Billions, Was Interrogated By The Police, Then Came To Play LoL!
A habit he had become famous for…
For a few days there have been ups and downs in the world of cryptocurrencies , since FTX , one of the largest exchanges in the world, declared bankruptcy, with its founder, Sam Bankman-Fried , losing – as the first figures showed – $16 billions in a few hours!
The trouble began on Nov. 2, when news website CoinDesk brought to light a leaked document that revealed Alameda Research, a hedge fund run by Bankman-Fried, held an unusually large amount of FTT tokens (FTX’s crypto). FTX and Alameda were supposed to be separate businesses, but the report claimed they had close financial ties.
Due to this huge revelation, Binance announced on November 6 that it plans to sell all of its FTT tokens. Immediately, the price of FTT skyrocketed and traders rushed to get their money out of FTX, fearing what would finally come true a few hours later: That FTX would end up being another bankrupt crypto company.
However, a lot seems to have happened behind the scenes, as after the bankruptcy announcement, FTX reported that it had been hacked, losing all of its customers’ funds. At the same time, information is circulating on the Internet about the abuse of billions of customers by Sam Bankman-Fried, who was questioned by the police in the Bahamas , with several more financial authorities now targeting him. The whole issue seems to have political ramifications, since there are reports that FTX was used to launder money from illegal activities and more.
The icing on the cake? After all that, Bankman-Fried seems to have dropped it in League of Legends! Yes, you read that right. The “king” of cryptocurrencies, the manipulations of which have resulted in countless people losing their money, seems to have decided to break out in the popular game after what happened.
Of course, social media users didn’t take long to discover this, with his move even being commented on by Elon Musk, who responded to the relevant tweet with laughing emojis.
For the record, the founder of FTX was famous for this habit, since he played LoL during serious business meetings with millions of dollars on the table! A recent report described one such incident, when Bankman-Fried was playing League of Legends during a Zoom call with investors from Sequoia, trying to secure additional funding for FTX, promising that the exchange would grow into a “super app “.
