Inside Sam Bankman-Frieds Crypto Empire The Information

FTX, the world’s second-largest cryptocurrency exchange by trading volume, has recently been dubbed the “central bank” of cryptocurrencies under the leadership of co-founder and CEO Sam Bankman-Fried. Rely on struggling businesses amid market meltdowns.

This level of influence is partly due to the fact that the trading operations of crypto conglomerates have held up relatively well compared to other exchanges, and it is likely that professionals looking to profit from sharp market movements more than retail investors. It is thought that it is targeting traders of FTX made about $250 million in revenue in the second quarter, a person familiar with its financial statements told The Information. That’s a 7% drop for him from around $270 million in the first quarter, but he’s in contrast to Coinbase’s earnings plummeting 31% over the same period.

However, while FTX is one of the world’s most recognizable cryptocurrency companies, the inner workings and hierarchies of the two companies, which operate through a network of subsidiaries across multiple continents, have so far been largely unknown. I did. Information’s FTX and FTX US organizational charts represent 51 key personnel across its international and US operations.