$60 billion. Gone in 72 hours. A stablecoin that wasn’t stable. An algorithm that failed spectacularly. And a founder who promised it was mathematically impossible to collapse. Then it did. This is the story of Luna—the fastest wealth destruction in crypto history.
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FTX Bankruptcy: Sam Bankman-Fried’s $8 Billion Fraud Breakdown
The crypto golden boy with wild hair and a $26 billion fortune. The exchange that promised to be “safer than banks.” Then, in 72 hours, everything vanished. $8 billion stolen. 1 million customers destroyed. This is how Sam Bankman-Fried built the biggest fraud in crypto history.