The Collapse of FTX: How Media Sentiment, Celebrity, and FOMO Led to the Rise and Fall of Sam Bankman-Fried and FTX
Type of Presentation
Paper
Location
D34005
Start Date
4-18-2024 1:30 PM
End Date
4-18-2024 2:00 PM
Abstract
Sam Bankman-Fried’s impressive pedigree may have been the lure of credible investors but favorable media coverage and celebrity endorsements were used to recruit retail investors. Under the guise of an utilitarian purpose, Sam Bankman-Fried was able to amass and lose a large fortune in less than five years.
Presentation File
wf_no
The Collapse of FTX: How Media Sentiment, Celebrity, and FOMO Led to the Rise and Fall of Sam Bankman-Fried and FTX
D34005
Sam Bankman-Fried’s impressive pedigree may have been the lure of credible investors but favorable media coverage and celebrity endorsements were used to recruit retail investors. Under the guise of an utilitarian purpose, Sam Bankman-Fried was able to amass and lose a large fortune in less than five years.