CZ is also facing growing skepticism regarding centralized exchanges, in particular Binance, and ongoing investigations into him and his company by authorities in Europe and the United States over allegations of facilitating money laundering and other financial crimes. Bankman-Fried has denied any misconduct, including claims that it was aware that Alameda Research was using money from FTX customers. Reportedly, billionaire oil tycoon Robert Belfer, who was once known as the heir to the bankrupt gas company Enron, also lost millions with the bankruptcy of FTX. It's not clear if the fund will have to reimburse donations if they are found to have been made with customer money.
The collapse of Sam Bankman-Fried's FTX crypto empire was not only felt by the deepest members of the crypto community, but also by some well-known businessmen and celebrities lost a lot of money. Along with her now ex-husband, Tom Brady, the supermodel also lost a significant part of her wealth in the exchange.