Going Infinite

After not much happening in the life of Sam Bankman-Fried for a very long time, two big things occurred in the fall of 2012, at so nearly the same time that it would soon be hard to remember that they had nothing to do with each other. Sam had entered his junior year at MIT as just another physics student who had lost his interest in physics. Appro

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Then there was Sam’s equity stake in FTX, which was very real indeed. A large number of venture capitalists had paid $2.3 billion for a mere 6 percent of it. Sam had good reason to believe that he might now sell an even smaller piece for several billion more to an even bigger group. FTX underpinned his growing empire: a real business with booming r