Bankman-Fried: From Crypto King to King of Tech Bubble's Losers.

For its own part, FTX had raised around $4 billion in funding across its network of affiliated companies, which included Alameda Research, a trading house co-founded by Bankman-Fried, FTX Ventures and a separate exchange for American investors. (Bloomberg) -- Few could have anticipated the breathtaking collapse of Sam Bankman-Fried's multibillion-dollar crypto empire. FTX, along with crypto itself and a host of other market gimmicks, from meme stocks to stay-at-home tech fads and special purpose acquisition companies, flourished as the Covid-19 pandemic spurred the Federal Reserve to cut interest rates to zero and leave them there for two years. [Extracted from the article]