๐คฏ Broโฆ this guy literally played with BILLIONS! ๐ธ๐ฅ
Sam wasnโt your Wall Street type in suits ๐ โ he looked more like a gamer who just rolled out of bed ๐ฎ๐. Yet, he became the face of crypto with FTX everywhere: Super Bowl ads ๐, celeb shoutouts ๐, even an NBA arena ๐๏ธ. People trusted himโฆ big mistake. โ
Behind the scenes? ๐ Billions in customer deposits were secretly moved to Alameda Research for risky bets. When crypto crashed in 2022, the hole was too big to cover. ๐จ Withdrawals exploded, panic spread, and FTX collapsed in just a week โ leaving $8โ11B missing. ๐
In court, Sam claimed it was โbad decisions, not fraud.โ ๐ฌ But the jury disagreed. In 2024, he got 25 years in prison โ๏ธ.
From crypto golden boy โจ to cautionary tale โ ๏ธ: Never trust the hype.