The troubled past of Matt Damon’s CEO has resurfaced

The unexpected bankruptcy of FTX, one of the world’s largest cryptocurrency exchanges, caused an earthquake in business and political circles.

The scale of the blowout reflects the central role that FTX and its founder, Sam Bankman-Fried, have played in building a fledgling industry aimed at disrupting traditional financial services.

The overnight explosion of a company valued at $32 billion in February, with its founder considered one of the world’s richest men, has put pressure on the entire cryptocurrency space.

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