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Sam Bankman-Fried, the strongman in the cryptocurrency crisis

He happily appears in shorts, T-shirts, white socks and sneakers to greet Bill Clinton and Tony Blair on stage at a private conference organized by his company FTX last April. In his appearance, as in his speeches, Sam Bankman-Fried cultivates a certain anti-conformism that is far from the cliché of a 30-year-old multi-billionaire who built his fortune on cryptocurrencies in less than four years. Still little known to the general public in France, the young man has been a heard and respected “star” in the world of crypto-assets for several years. It is now in the process of establishing itself as one of the key players in funding the sector amid the liquidity crunch and a key architect of the ongoing consolidation drive.

Through the US subsidiary of his company FTX, he has made it possible to buy back the decentralized lending platform BlockFi for $240 million after providing a revolving credit line. His other company, Alameda…

Source: Le Figaro

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