Tag: Shishad Singh

Startup on Trial: The Fall of FTX – How Sam Bankman-Fried’s Empire Exploited Compliance Gaps and Ended in Catastrophe

Startup on Trial Ben - April 16, 2025

FTX, once hailed as the gold standard of crypto exchanges, imploded in November 2022, revealing a multi-billion-dollar fraud orchestrated by founder Sam Bankman-Fried (SBF). What began as a scrappy crypto derivatives exchange turned into a house of cards built on customer fund misuse, opaque affiliate structures, and a startling absence of regulatory oversight

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