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LensLinks - Special: The Sam Bankman-Fried Edition
A Special Focus Issue, brought to you by Regiment LLC
Len Pacek
September 30, 2022
QUOTABLE...
"Nathan Rothschild, a 19th-century British financier and member of the Rothschild banking family, is credited with saying that 'the time to buy is when there's blood in the streets.Sam Bankman-Fried and CZ are riding the tiger this crypto winter. If they are smart about their purchase of distressed crypto properties they could end of being some of the wealthiest people in the world." - David Lesperance, managing partner of immigration and tax adviser at Lesperance & Associates
NOTABLE...
Samuel Bankman-Fried, also known by his initials SBF, is an American entrepreneur, billionaire and investor.
He is the founder and CEO of FTX, a cryptocurrency exchange. He also manages assets through Alameda Research, a quantitative cryptocurrency trading firm he founded in October 2017
Worth $22.5 billion, Sam Bankman-Fried is the richest self-made newcomer in Forbes 400 history.
Saving Crypto
"I do feel like we have a responsibility to seriously consider stepping in, even if it is at a loss to ourselves, to stem contagion."
FTX recently inked a deal with BlockFi that gives the exchange the option to buy the troubled crypto lender for up to $240 million. The agreement also includes a $400 million revolving credit facility.
"Nathan Rothschild, a 19th-century British financier and member of the Rothschild banking family, is credited with saying that 'the time to buy is when there's blood in the streets,'" said David Lesperance, managing partner of immigration and tax adviser at Lesperance & Associates. "Sam Bankman-Fried and CZ are riding the tiger this crypto winter. If they are smart about their purchase of distressed crypto properties they could end of being some of the wealthiest people in the world."
FTX
The timing of FTX’s founding was perfect: After a crash in prices, the cryptocurrency market was poised for a pandemic boom. Mr. Bankman-Fried and his colleagues soon became enormously wealthy. FTX was processing hundreds of millions of dollars in trades every day, taking a cut of two basis points (or two one-hundredths of 1 percent) on most transactions. Big-name venture-capital firms like Sequoia and SoftBank lined up to invest. FTX and its U.S. affiliate are now valued at a combined $40 billion.
SBF
Alameda Research is a quantitative cryptocurrency trading firm that provides liquidity in cryptocurrency and digital assets markets.
Alameda Research is a Hong-Kong based private equity firm founded by Sam Bankman-Fried in October 2017 that offers full-service cryptocurrency trading and trades on every market and exchange, as well as engages in OTC trading.
Saving Crypto - A Little More...
FTX - A Little More...
SBF - A Little More...
ESG (Environment, Social & Governance)
