Musk in the cryptocurrency circle, the king of cryptocurrency, the white knight, went from a net worth of 10 billion to bankruptcy and huge debts in 5 days. CZ sharpened his sword for three years, but it was fatal in one day. Today we tell the story of SBF, the founder of FTX, the world's second largest exchange, and how he went from a net worth of 10 billion to jail.

SBF, also known as "Afro", should be said to be a well-known figure in the cryptocurrency circle. At the age of 30, he was listed on the Forbes list with a total asset of 17 billion US dollars. Some people call him, Vitalik, the founder of Ethereum, CZ, the founder of Binance, and Justin Sun, the founder of Tron, the "Four Heavenly Kings" of the cryptocurrency circle. SBF has been in the crypto world since 2017 from the famous hedge fund Jane Street resigned and joined the cryptocurrency circle. He first engaged in Bitcoin arbitrage transactions in Japan and the United States. In 2019, SBF was dissatisfied with the exchanges on the market and established the FTX exchange. Zhao Changpeng announced his investment in it, and the valuation of FTX immediately rose to US$1 billion. Subsequently, FTX continued to develop and became the world's second largest exchange after Binance in 2021. Explosion Head immediately kicked Zhao Changpeng out. Zhao Changpeng quietly withdrew and only retained 23 million FTT tokens. On November 6, 2022, Zhao Changpeng suddenly announced that he would liquidate all FTT tokens. As FTX had a financial loophole of US$50 billion, a large number of retail investors liquidated their positions, and US$6 billion was squeezed in 72 hours. In 5 days, FTX declared bankruptcy, and 100,000 creditors lost all their money. Of course, this kind of thing must be inseparable from our universe-cutting king Sun Yuchen. He verbally announced an investment of 1 million US dollars and finally nothing happened. In the end, Explosion Head was sentenced to 25 years in prison, proving with facts that all the coins belonged to "Zhao" #BTC走势分析 $BTC