Sam Bankman-Fried, 29, Heads Crypto Exchange Worth Billions
NDTV
Sam Bankman-Fried worked as a broker on Wall Street before turning to cryptocurrencies in 2017
Sam Bankman-Fried donned a suit and tie this week, abandoning his preferred hoodie and dark T-shirt for a hearing before US Senators.
The lawmakers had summoned the 29-year-old multi-billionaire on Wednesday to discuss the regulation of digital assets in his capacity as co-founder and CEO of the cryptocurrency exchange platform FTX.
Less than three years after its founding, the company was just valued at $32 billion, a capitalization that puts it close to giants Coinbase and Binance.
The personal fortune of Mr Bankman-Fried, a vegan who sleeps four hours per night and who has become a public face of crypto money, is estimated at nearly $25 billion by Forbes magazine -- placing him among the top 70 richest people on the planet.
