Sam Bankman-Fried spent a fortune. Now, lawyers say 'the emperor had no clothes.' Here's where the money went.
Sam Bankman-Fried told Bloomberg in April that years down the road, he'd subsist on $100,000 a year — that's it. He'd keep a small percentage of the billions he had generated from his cryptocurrency empire and donate the rest. Bankman-Fried billed himself as an effective altruist, a person who would rack up stacks of money — or coins— to one day put it all toward the betterment of the world.
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