YOGYAKARTA - At 18:00 local time (23:00 GMT) on Monday, December 12, an officer of the Bahamas Financial Crime Investigation Unit arrested Sam Bankman-Fried at his apartment complex, at the request of the US government, based on a closed indictment filed by the South District of New York. Then, sexerti what is the story of Sam Bankman-Fried.
The man who was previously dubbed "King Of Crypto" has seen his company collapse, resigned as chief executive and is now facing a criminal investigation.
As the interviewed people listened carefully to his extraordinary story about how he has become a multimillimeter in five years, his voice continues to be heard and clearly comes from an American businessman rat.
"Klik, click, click," it reads, with a burst of fast and dead.
Meanwhile, Mr. Bankman-Fried's eyes sped around the screen.
It's not clear what video he's doing on his computer, but his tweets could give us pretty good clues.
"I'm famous for playing League of Legends during phone calls," he tweeted in February 2021.
He's an Indigenous California resident
SBF was born and raised in Golden State, according to Yahoo! News profile. He grew up in an academic environment, with his parents who are professors of law at Stanford University. And that background seems to affect his thinking. His mother, Barbara Fried, told Yahoo! that when his son started reading the philosopher Derek Parfit at the age of 14, he brought Parfit's job. "Sam was angry at Parfit for being wrong, but was more angry at Parfit because of his cheap argument," he said.
He doesn't like schools
Her mother said when she was in the seventh or eighth grade, one day she saw her crying because of her school situation. "And she said to me, 'Mom, I'm so bored, I'm going to die,'" she recalls. SBF also mentioned the problems she faced in class, complaining too much structure.
He was at the Top College
SBF went to MIT from 2010 to 2014, majoring in physics and mathematics. But he still thought the experience was unsatisfactory. "There's nothing I've learned at college that's finally useful other than, like, social developments... But on the academic side, everything is in vain...Schools don't help for most of the work... Everyone knows it's true... Some people don't really want to say it's true, but that's it," he said.
Early He Successfully Entered the World of Finance
During his time at MIT, he did an internship at Jane Street Capital, a leading firm. And after college, he worked full time there. But in 2017, he started himself, starting Alameda Research, a trading company. Later, he founded FTX in 2019. His wealth grew exponentially in the process, reaching $26 billion at one point, according to reports.
Early Steps
The SBF found a way to take advantage of the difference between the price of bitcoin in America and Japan (the Japan one is lower). As New York Magazine explains, he joined the intermediary chain, including unknown banks in rural Japan, to take advantage of price differences over the course of a month. They rose to 25% million per day. SBF calls it the "crazy trade I've seen".
"He Knows Celebrities"
FTX has made celebrities take equity shares in the company and/or serve as its global ambassador. Among them: football legend Tom Brady and his ex-wife model Gisele B\"undchen, tennis star Naomi Osaka and great basketball player Stephen Curry.
Political Steps
SBF donated more than $5 million to Joe Biden and the groups that supported him during his presidential campaign in 2020. He said he was motivated by Biden's "general stability and decision-making process". His charity work fits his belief in the so-called "effective altruism" - the idea of making a lot of money so that it can be given to serve others.
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