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RUIN: Money, Ego and Deception at FTXFTX and Bankman-Fried, known as SBF, were supposed to be different, new. FTX positioned itself as the responsible player in the Wild West that. Learn how the FTX scam unfolded as one of the largest cryptocurrency exchange platforms files bankruptcy. Find out why the founder faces criminal charges. FTX, the world's second largest cryptocurrency exchange, is in a crisis and has pitched the digital asset market into another crash.