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CryptoS
Sam Bankman-Fried (SBF)
At one point one of the richest people in crypto, Sam Bankman-Fried and cryptocurrency exchange FTX have come crashing down to earth in a matter of days following reporting that his Alameda Research hedge fund was undercapitalized and he allegedly took customer funds out of FTX illegally and funneled them to Alameda Research
Example
“After Sam Bankman-Fried was arrested and FTX collapsed in November 2022, Bitcoin's price fell below $16,000 as confidence in centralized exchanges plummeted.”