The troubling past of Matt Damon’s Crypto.com CEO resurfaces

The unexpected failure of FTX, one of the largest cryptocurrency exchanges in the world, caused an earthquake in the economic and political circles.

The magnitude of the shock reflects the central role played by FTX and its founder, Sam Bankman-Fried, in building the young industry, which aims to revolutionize traditional financial services.

This overnight implosion of a company valued at $32 billion in February, with a founder considered one of the richest men in the world, put the entire crypto sphere under pressure.

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