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crypto exchange FTX lent billions of dollars worth of customers assets to fund risky bets by its Affiliated training firm Alameda research setting the stage for the exchanges implosion FTX extended loans to elevated using money that customers had deposit on the exchange for trading purposes to the tune of 10 billion Sam bankman fired age 30 starts a company built it to a validation of 32 billion not really over validated and then collapses it in a day epic implosion what a disgrace FTX boss Sam bakeman fired said uh he was sorry using other peopleamp;#39;s money shame shame shame you should go to jail everyone wants it fast write down everything you want and spend 20 years trying to get it for Christamp;#39;s sake
