Sam Bankman: The Biggest Crypto Scammer in History

Once called the "Crypto Genius", Sam Bankman-Fried has now become a criminal mogul, and his final verdict is approaching 👇 😅 Looking Back at a Horrifying Crash... Imagine losing 32 billion USD just on a crypto platform you trust the most. That's right, that's FTX. And standing behind all of it? Sam Bankman-Fraud (SBF) 👨‍🦱💼 He has deceived: ✅ Wall Street ✅ Venture capital funds (VCs) ✅ Celebs ✅ And millions of ordinary users All while still "chill" playing League of Legends in board shorts. 🎮 📉 The Crash of FTX • FTX and Alameda Research have a close connection. • SBF secretly used users' funds to protect Alameda's risky trades. • When the market collapses, all lies are exposed. • Billions of dollars disappeared overnight 😵 And the result is: FTX collapsed, creating one of the worst "black swan" events in crypto history. ⚖️ Legal Consequences • Arrested in the Bahamas • Immigration to the US • Convicted of 7 charges, including fraud & conspiracy • Facing a maximum of 110 years in prison 😬 Currently? The final verdict of SBF will take place on November 4. Possible outcomes: reduced sentence... or lock him up for decades. 🗓️ When Will SBF Be Released from Jail? If the final ruling is unfavorable, he could be imprisoned for decades — the earliest chance of release being in the 2040s or later. But with the team of lawyers and connections, the possibility of a sentence reduction still exists. FTX Token Situation Currently, FTT is still trading at 0.8169 USD 🤯 Some people say this is a dead coin, but others hope it can recover after the bankruptcy process. ⚠️ Lessons Learned For Everyone • Don't blindly trust the "crypto genius" • Transparency > Hype • Always manage funds yourself when possible • If it sounds too good to be true... then it very well might be a scam. 🤔 Final Reflection SBF once declared that he wanted to "donate billions of USD to charity"... But instead, he burned billions of USD of users. A warning lesson that the crypto community will never forget.