> ## Content Index
> Fetch the complete content index at: https://www.theunredacted.co/llms.txt
> Use this file to discover other available public pages before exploring further.

# 🚨How FTX’s Sam Bankman-Fried Went From Crypto's Golden Child to The Most Hated Villain in 36 Hours..
- URL: https://www.theunredacted.co/how/
- Published: 2022-11-13T19:17:48.000Z
- Updated: 2022-11-13T19:17:48.000Z
- Author: Gene Goodwin

Tom Brady is not having a good week, and neither is anyone who is involved with now Bankrupt FTX and affiliated companies. 

> What the F happened here? [pic.twitter.com/exhKn0VP7y](https://t.co/exhKn0VP7y?ref=theunredacted.co)
> 
> — MMCrypto (@MMCrypto) [November 13, 2022](https://twitter.com/MMCrypto/status/1591656877515239426?ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co)

Just a week ago, SBF, Sam Bankman-Fried, the darling CEO, was headlining Crypto events, naming sports arenas, and testifying in front of congress to shape Crypto regulations, and had investors like Sequoia, SoftBank, BlackRock, and dozen other top VCs.

> HOLY SHIT  
>  
> In front of a room of lawmakers… [pic.twitter.com/7aGWdJ0l9W](https://t.co/7aGWdJ0l9W?ref=theunredacted.co)
> 
> — MrChief (@HaloCrypto) [November 9, 2022](https://twitter.com/HaloCrypto/status/1590417311839981569?ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co)

Mario has been up for 36 hours covering the breaking FTX story on his Twitter spaces with his team and Kim Dot Com and Elon Musk joining the discussion. 

> Twitter at its best!
> 
> — Elon Musk (@elonmusk) [November 13, 2022](https://twitter.com/elonmusk/status/1591588006741553153?ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co)

Paradigm, a crypto-focused venture fund that put $278 million into FTX, told its backers in a Wednesday letter that the investment was likely worthless. 

Sequoia said in a statement that it valued its $213 million investment in FTX at $0\. 

> Here is the note we sent to our LPs in GGFIII regarding FTX. [pic.twitter.com/Cgp1Yxk1pz](https://t.co/Cgp1Yxk1pz?ref=theunredacted.co)
> 
> — Sequoia Capital (@sequoia) [November 10, 2022](https://twitter.com/sequoia/status/1590522718650499073?ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co)

## Even the Whitehouse had a comment, and you can see what happened in this simple explanation by Coffeezilla. 

The venture capital arm of the Ontario Teachers’ Pension Plan, which put $95 million into FTX, said in a statement, “Not all of the investments in this early-stage asset class perform to expectations.”

> “I Had to scratch my head a bunch of times like where is this guy getting all of this liquidity” -  
> Brian Armstrong of [#Coinbase](https://twitter.com/hashtag/Coinbase?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co)   
> [#SBF\_FTX](https://twitter.com/hashtag/SBF%5FFTX?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co) and [#FTX](https://twitter.com/hashtag/FTX?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co) collapse [pic.twitter.com/FaMirN0AM5](https://t.co/FaMirN0AM5?ref=theunredacted.co)
> 
> — n0body (@biiliions) [November 12, 2022](https://twitter.com/biiliions/status/1591570196300693504?ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co)

## 

## In the bankruptcy filing, FTX indicates it has more than 100,000 creditors, assets in the range of $10 billion to $50 billion, and liabilities in the range of $10 billion to $50 billion. By comparison, Lehman had more than $600 billion in assets.

### The exchange’s founder, once seen as a golden genius in the world of digital assets, is under investigation, and his company filed for bankruptcy.

> It has been 23 hours since [@SBF\_FTX](https://twitter.com/SBF%5FFTX?ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co) made a tweet.  
>  
> The longer this goes ... the higher the confidence level is that it wasn't a "hack" and the guy just flat out stole the crypto coins from customers and ran. [pic.twitter.com/uKxWzKtbnD](https://t.co/uKxWzKtbnD?ref=theunredacted.co)
> 
> — Wall Street Silver (@WallStreetSilv) [November 12, 2022](https://twitter.com/WallStreetSilv/status/1591438396588974082?ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co)

## There are also some interesting coincidences regarding Sams's and Caroline's families, who are very prominent lawyers, educators, and Democratic donors. 

## 

> Jeez- corruption runs deep in America, who could’ve thought! Success is all hard work right? 🥴 [#SBF\_FTX](https://twitter.com/hashtag/SBF%5FFTX?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co) [#SBF](https://twitter.com/hashtag/SBF?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co) [pic.twitter.com/k7760TBVmt](https://t.co/k7760TBVmt?ref=theunredacted.co)
> 
> — Cloud9 Crypto Trader (@thecloud9crypto) [November 12, 2022](https://twitter.com/thecloud9crypto/status/1591536174908461057?ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co)

## “Sam ran the shop, Sam ran everything, we all trusted him, and believed him. It was a dictatorship, in a good way, a benevolent dictatorship.”

According to a rumor, three former FTX executives and Alameda Research CEO Caroline Ellison are looking for ways to flee to Dubai. While the plan was made assuming that the United States “doesn't have any extradition treaties” with the UAE, the nations signed a mutual legal assistance treaty (MLAT) back on Feb. 24, 2022, to work against criminals.

> Taken 2 hours ago in Argentina, a couple calling themselves Samantha and Carl. 🤔🤔🤔[#SBF\_FTX](https://twitter.com/hashtag/SBF%5FFTX?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co) [#runSBFrun](https://twitter.com/hashtag/runSBFrun?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co) [pic.twitter.com/MXS1TKnPo2](https://t.co/MXS1TKnPo2?ref=theunredacted.co)
> 
> — Richard Reloaded【Ø】 (@richard8064) [November 13, 2022](https://twitter.com/richard8064/status/1591623830690496512?ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co)

This might be the worst day for Crypto since 2017, but the talent in this space and the drive are nothing like we have ever seen. 

> Which one are you giving your seed phrase to? [pic.twitter.com/qwwaOhK1bm](https://t.co/qwwaOhK1bm?ref=theunredacted.co)
> 
> — Vanessa Sierra (@vanessasierra00) [November 13, 2022](https://twitter.com/vanessasierra00/status/1591867151555899392?ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co)

## Elon on Spaces shared that his bs meter was activated in a meeting with SBF on his Twitter deal. 

> [pic.twitter.com/eEIg3MsRnr](https://t.co/eEIg3MsRnr?ref=theunredacted.co)
> 
> — dirtyjerz (@gingerwittasoul) [November 12, 2022](https://twitter.com/gingerwittasoul/status/1591498315295854593?ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co)

## Some management, like Dan Friedberg, has interesting pasts and was involved in major scandals.

> The Puppet Master Dan Friedberg. He is busy scrubbing the internet of his existence. Don’t let him. Plaster this everywhere [pic.twitter.com/8CYQHbB7LD](https://t.co/8CYQHbB7LD?ref=theunredacted.co)
> 
> — Ben Armstrong (@Bitboy\_Crypto) [November 13, 2022](https://twitter.com/Bitboy%5FCrypto/status/1591845434460438528?ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co)

## If you were affected by FTX, let us know. 

[💹Voyager class action false advertising lawsuitIt seems like every day; there’s a new crypto company promising the moon and the stars. But how can you know if they’re really delivering on their promises? Voyager attracted many platform users with its “100% commission-free” trading policy. Mr. Cassidy soon began to suspect Voyager had its own sh…![](https://storage.ghost.io/c/84/d6/84d6d285-f830-4f64-b923-2059f019767d/content/images/size/w256h256/2022/08/Original-Logo.png)⚖️Moms Justice - Claims, Lawsuits, Class Actions and Mass Torts!Moms Justice![](https://storage.ghost.io/c/84/d6/84d6d285-f830-4f64-b923-2059f019767d/content/images/2022/09/Screenshot-of-Voyager-and-Dallas-Maverick-s--50-Crypto-Reward---InvestVoyager.com.jpg)](https://www.theunredacted.co/cassidy-claims-voyager-falsely-advertises/)

[🏛️Coinbase Hit With Lawsuit From Customers Who Had Crypto Stolen From Their AccountsCoinbase, the world’s largest cryptocurrency exchange, is being hit with a class-action lawsuit from customers who had their crypto stolen from their accounts. The lawsuit alleges that Coinbase failed to adequately safeguard its customers’ crypto, leading to the loss of millions of dollars. Accor…![](https://storage.ghost.io/c/84/d6/84d6d285-f830-4f64-b923-2059f019767d/content/images/size/w256h256/2022/08/Original-Logo.png)⚖️Moms Justice - Claims, Lawsuits, Class Actions and Mass Torts!Moms Justice![](https://storage.ghost.io/c/84/d6/84d6d285-f830-4f64-b923-2059f019767d/content/images/2022/08/building-business-office-company-workplace-hq-headquarters-management-coinbase_t20_Z6z7ea.jpg)](https://www.theunredacted.co/coinbase-hit-with-another-class-action-lawsuit/)