Sam Bankman-Fried was arrested in December after his firm FTX went bankrupt
ED JONES/AFP/GETTY IMAGES
During his dizzying rise to fame and sudden fortune as a cryptocurrency tycoon, Sam Bankman-Fried looked at the world and his prospects in terms of probabilities and positive “expected value” — a term from the trading floor.
His ex-girlfriend Caroline Ellison described him as a man who would risk $10 million on a coin toss, if there was a chance of winning a little more than that. And he “would be happy to flip a coin, if it came up tails and the world was destroyed, as long as if it came up heads the world would be like more than twice as good.”
Last night, after a month-long trial, he found himself convicted of a $10 billion fraud and incarcerated in a Brooklyn jail,
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2023-11-03 07:00:00Z
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