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Sam Bankman-Fried called his Stanford Law professor parents when FTX was collapsing: 'Hey guys, there might be a problem'

Business Insider LogoBusiness Insider2 mo ago

Sam Bankman-Fried called his Stanford Law professor parents when FTX was collapsing: 'Hey guys, there might be a problem' - Business Insider

Quick Summary:

The FTX founder told his parents that the position of Alameda Research, a hedge fund also founded by Sam Bankman-Fried, "might be imploding here".

Partly instrumental in FTX's collapse was Alameda Research, a trading house that Bankman-Fried also founded in 2017.

"But anyone who was close to me, including my parents, including employees, co-workers, who fought with the company to push forward, were hurt by this and bore no responsibility for that".

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-01 @ 01:46:17 (2 months ago)

News Timezone: GMT -5:00

Ranking: #85 (out of 6319 stories this day)

News Source URL: businessinsider.com

Language: English

Article Length: 414 words

Reading Time: 3 minutes read

Sentences: 42 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 2070030

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About Business Insider

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Main Topics: EconomyBusiness

Official Website: businessinsider.com

Update Frequency: 65 posts per day

Year Established: 2007

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #64

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The story "Sam Bankman-Fried called his Stanford Law professor parents when FTX was collapsing: 'Hey guys, there might be a problem'" has 414 words across 42 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Sam Bankman-Fried called his Stanford Law professor parents when FTX was collapsing: 'Hey guys, there might be a problem'" was covered 2 months ago by Business Insider, a news publisher based in United States.

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The outlet is headquartered in United States and publishes an average of 65 news stories per day.

It's most recent story was published 9 hours ago.

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  • URL: https://beamstart.com/news/sam-bankman-fried-called-his-16698593547174

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