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How SBF Lost $30 Billion in 1 Week - The Fall of Sam Bankman Fried and 130 Companies Bankrupting at Once - Learn about how SBF (Sam Bankman-Fried) helped stand up the entire Crypto market and then collapse it in 1 full sweep - bankrupting 130+ companies at the same time.  In late 2019, Sam Bankman-Fried (SBF) was one of the most well-known and respected figures in the cryptocurrency industry. He was the CEO of FTX, a successful cryptocurrency derivatives exchange, and also ran Alameda Research, one of the largest and most successful crypto trading firms. However, in 2022, SBF files for bankruptcy, and FTX is forced to shut down. So, what happened? It all started with a dispute between FTX and another cryptocurrency exchange, Binance. FTX had been listing a number of “BinanceCoin Futures” contracts, which allowed users to bet on the price of BinanceCoin (BNB), the native token of the Binance exchange. Binance objected to these contracts, and threatened to delist FTX from its platform if they did not stop off