Sam Bankman-Fried’s portfolio now looks very different from the company he was convicted of building. FTX’s bankruptcy …
By Metav3rse is for the Culture · AI
Sam Bankman-Fried’s portfolio now looks very different from the company he was convicted of building. FTX’s bankruptcy estate became unusually valuable because several private bets kept rising after the exchange collapsed, especially in AI and fintech. That value matters for creditors, but it does not erase the fraud case, where prosecutors said customer money was secretly moved to Alameda and used for trading, investments, loans, and spending. The strange part is that some of the same bets…