Going Infinite: The Rise and Fall of a New Tycoon

Say what you will about his influence, he’s got some nerve. Coda

But it would have been very Sam Bankman-Fried to have been eaten by his own guard dog.

Ninety percent of those accused of crimes by the US government in 2022 had accepted a deal and pleaded guilty. Less than half of 1 percent had been acquitted.

In an indictment brought by the US attorney’s office for the Southern District of New York, the US Department of Justice charged Sam with various crimes and then allowed him to post $250 million bond as bail. Sam hadn’t posted $250 million. Sam’s parents had posted their home and assumed the risk that he would jump bail—in which case they would, in

An investor who was hoping to bid for the remaining portfolio told me that, if it was sold intelligently, it should go for at least $2 billion. That would raise the amount collected to $9.3 billion—even before anyone asked CZ for the $2.275 billion he’d taken out of FTX. Ray was inching toward an answer to the question I’d been asking from the day

Exactly when did FTX go broke?

John Ray was on a bizarre Easter egg hunt with no prior egg count. With no idea how many eggs he was looking for, he’d never know when to end his search.

“She’s cold as ice,” said Ray. “You had to buy words by the vowel. An obvious complete fucking weirdo.”

Then all was chaos. Sam signed the papers and announced eight minutes later that he’d changed his mind, only to have Sullivan & Cromwell inform him that there was no updating after you’d declared bankruptcy.