Bankruptcy FTX is getting more and more bizarre: orgies, drugs and luxury apartments

FTX bankruptcy is getting more bizarre

Sex orgies, drugs and luxury apartments

Crypto prodigy Sam Bankman-Fried has hit rock bottom. Details are now coming to light in the indictment that show the extent of the case.

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Former crypto prodigy Sam Bankman-Fried is broke.

Sam Bankman-Fried (30), the CEO of the third largest crypto exchange, lost everything in a few days. His company FTX is bankrupt. For a long time, he was considered a crypto prodigy. He is now accused of the biggest fraud scandal in the crypto world. He allegedly robbed his customers of billions. And it put the entire crypto industry in a bad light.

Court documents show that things are even worse than expected. The managers of the Bahamian crypto exchange FTX were enjoying themselves before the collapse – at the expense of customers. And the company was partly amateurish. There were virtually no internal controls. The first class actions have already been announced.

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