Crypto billionaire Sam Bankman is alive?

FTX CO Sam Bankman-Fried Shops for Bargains Amid Industry Proposals

It may seem strange. Other multi-billion-dollar crypto giants have gone bankrupt this year.

  FTX's main competitor, Coinbase, saw its shares drop by 70%

Has laid off a fifth of its workforce as crypto prices crash.

The 30-year-old billionaire says it's about stashing enough cash, keeping overhead low, avoiding debt

Billions of dollars have been lost in the crypto industry in the weeks surrounding the failure of crypto hedge fund Three Arrows Capital.

The fall of lenders with arrow exposure was the next domino. In July, FTX signed an agreement

 The lender gives it an option to buy BlockFi after providing it with a $250 million credit line.

which later declared bankruptcy and was in talks to acquire South Korea's Bithumb.