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    The downfall of FTX's Sam Bankman-Fried sends shockwaves through the crypto world

    Sam Bankman-Fried received huge plaudits and superstar status as the head of cryptocurrency exchange FTX. Now the comments aren't so kind after FTX filed for bankruptcy protection.
    by The Associated Press Nov 14, 2022 4 minutes

    NEW YORK — Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the savior of crypto, the newest force in Democratic politics and potentially the world's first trillionaire.

    Now the comments about the 30-year-old Bankman-Fried range from bemused to hostile after FTX filed for bankruptcy protection Friday, leaving his investors and customers feeling duped and many others in the crypto world fearing the repercussions. Bankman-Fried himself could face civil or criminal charges.

    "I've known him for a number of years and what just happened is just shocking," said Jeremy Allaire, the co-founder and CEO of cryptocurrency company Circle.

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