First of all, this is not a picture of the founder of FTX. This is a picture of the founder of the Luna currency, which lost $40 billion. He withdrew the money from it, made it collapse, and changed its name to Lunc.

In a dramatic development that has shaken the cryptocurrency world, Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been extradited to the United States after being accused of leading the sector’s biggest financial disaster, which cost the sector $40 billion. From a thriving empire to a global scandal, this story has exposed the dark side of the cryptocurrency world and ignited a global debate about regulation and transparency.