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as Sam bankman Freeds crypto Empire has crumbled all around him its safe to say there were red flags all over the place but we missed them FTX was a success story almost too good to resist in just over three years it went from nothing to a 32 billion dollar company and along the way journalists investors politicians Regulators all dropped the ball one of the biggest red flags to ftxs demise came from Sam magman freed or SBF himself during a talk with David Rubinstein one of the founders of the Carlisle group and a TV host on Bloomberg SPF explained his reason for creating FTX came from frustrations he was experiencing at Alameda research his crypto-focused proprietary trading firm Alameda was making lots of money but had the potential to make more it was just that Venture Capital wasnt lining up to give cash to traders in their 20s regardless of their purported 100 percent annualized returns so Alameda relied on putting together lines of credit to build its capital base by creating