Sam Bankman-Fried creator of FTX is dealing with major backlash after his exchange has completely plummeted. After gaining political backing and clout for his success many were applauding him calling him Cryptos “Darling”. Well that name didn’t age too well as he has lost many customers money during this crash.
On Saturday, the company revealed it was investigating “unauthorized transactions”worth more than $400 million and that it had moved all funds into offline storage. He has yet to offer answers to customers and investors wondering where their money has gone and whether they will recover it.