The California native known as SBF never cared for school, has given millions to President Joe Biden and likes his Oreo cookies.
Sam Bankman-Fried, or SBF as he’s known, is in the news because of the liquidity crisis his FTX crypto exchange is facing and the billions of dollars he’s suddenly lost. As the 30-year-old entrepreneur tweeted Thursday morning: “I f—ked up, and should have done better.”But who is the man behind the headlines? Here are some details to know…
But he wasn’t into school His mother said when he was in seventh or eighth grade, she noticed him crying one day over his school situation. “And he said to me, ‘Mom, I’m so bored I’m gonna die,’” she recalled. SBF has also mentioned the problems he faced in class, complaining of too much structure. Eventually, he made his way into the financial world During his time at MIT, he interned at Jane Street Capital, a prominent firm. And after college, he worked there full-time. But by 2017, he went on his own, starting Alameda Research, a trading company. Then, he founded FTX in 2019. His wealth grew exponentially in the process, reaching $26 billion at one point, according to reports.
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