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Sam Bankman-Fried (Photographer: Jeenah Moon/Bloomberg)
The epic rise and suddenly implosion FTX — a top cryptocurrency exchange until this weekend — looks like an old-fashioned Bernie Madoff Ponzi scheme. It is alleged that former CEO Sam Bankman-Fried, along with others, engaged in reckless trading activities to avert an impending downfall.
Through the firm’s affiliated hedge fund, Alameda Research, Bankman-Fried and others…
