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in November 2022 the worlds second largest cryptocurrency exchange stopped withdrawals and filed for bankruptcy the stories of the last week so far fetched a deserve a Netflix documentary here we will look at how FTX was able to defraud the crypto industry somewhere in a region of 10 billion US dollars SBF and CZ have a long history of animosity they are founders and CEOs at two of the largest cryptocurrency exchanges CZ or chengpeng Zao is CEO of binance the worlds largest cryptocurrency exchange where people go to swap one cryptocurrency for another SBF or Sam bankman fried is CEO FTX an exchange that launched in 2019 and became a major competitor but this isnt just a story of two billionaires fighting it out the story includes fraud drugs and a financial scam like no other at the start of this story sisi was a supporter of Sam and hed invested 100 million of 20 of his newly launched exchanged CZ was already familiar with Sam because he was trading large volumes in binance this
