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[Music] hi welcome to another episode of Cold Fusion what do you think is the probability of a multi-billionaire losing his entire fortune in a single weekend most people would likely say that its close to Impossible and yet this is exactly what happened to 30 year old Sam bankman freed the CEO of FTX the second largest crypto Exchange in the world he was the Golden Boy on the cover of Fortune and Forbes Magazine he had a net worth of 26 billion dollars watched the Super Bowl with NBA star Steph Curry had dinner with SIA Jeff Bezos and Leonardo DiCaprio big names like BlackRock and SoftBank invested in his vision but behind the facade was something completely different Sams Empire was actually a bunch of 10 romantically involved crypto kids running a shady operation out of the Bahamas the fall of FTX triggered the collapse of more than 100 Affiliated companies and wiped out countless savings this story has strange but very real tires to American politics the war in Ukraine and Enron
