![]() He studied at the Massachusetts Institute of Technology (MIT) where he lived in a group house called Epsilon Theta, which promotes itself as an alcohol-free community "known for liking beanbags, board games, puzzles, and rubber ducks". The founder of the FTX cryptocurrency exchange has just been found guilty of defrauding customers of his cryptocurrency exchange out of billions of dollars.Ī Manhattan jury convicted him on all seven counts after a month-long trial.įTX collapsed last November, shocking financial markets and wiping out the crypto tycoon's estimated $26bn (£21bn) fortune.īut how did the 31-year-old go from such astronomic financial heights to facing the prospect of spending the remainder of his life in prison?īankman-Fried grew up in California's wealthy San Francisco Bay area, where he attended a $56,000-a-year school.īoth his parents were professors at the prestigious Stanford Law School. Sam Bankman-Fried, also known by the initials SBF, has tumbled from crypto king to convicted fraudster.
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