The Fake Genius: A $30 BILLION Fraud

The Fake Genius: A $30 BILLION Fraud

The Fake Genius: A $30 BILLION Fraud documentary is a MUST watch.

Everyone likes a story about an underdog, someone out of the ordinary an unlikely genius who comes once in a lifetime, someone who wants to change the world for good… this is not one of those stories. In the span of about one week, Sam Bankman-Fried went from being a crypto billionaire to bankruptcy.

The documentary investigates the rise and fall of Sam Bankman-Fried, founder of cryptocurrency exchange FTX and hedge fund Alameda Research.

The video paints a contrasting picture of Bankman-Fried, initially portraying him as a wunderkind in the tech and finance world. However, it delves into accusations of reckless management and trading decisions at Alameda Research.

The documentary explores concerns raised by former employees about Bankman-Fried’s leadership and the potential negative impact on the effective altruism movement, which he was associated with. It also suggests these concerns were ignored before the eventual downfall of FTX.

The focus is on the period leading up to the collapse of FTX, revealing how a large portion of employees left the company due to Bankman-Fried’s behavior. The documentary raises questions about the future of Alameda Research and the wider cryptocurrency market.

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