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Sam Bankman-Fried is the founder of FTX.
Sam Bankman-Fried, who backed FTX and Binance, has been arrested by the US Securities and Exchange Commission (SEC) for allegedly running a Ponzi scheme. According to the SEC, Bankman-Fried duped investors who backed FTX by promoting it as a “safe, responsible” crypto trading firm. He allegedly used his FTX exchange and his sister hedge fund…