Sam Bankman-Fried doesn't 'have the typical profile of a crook' – and his fear of failure might explain FTX's collapse, Bill Ackman says

Sam Bankman-Fried doesn't 'have the typical profile of a crook' – and his fear of failure might explain FTX's collapse, Bill Ackman says

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Billionaire investor Bill Ackman. Richard Drew/AP Investor Bill Ackman's theory is that Sam Bankman-Fried was embarrassed about admitting he'd failed. Rather than admit to losses, he attempted to "fix" FTX's problems, leading to the exchange's collapse. Ackman compared SBF to convicted fraudster…

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