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FTX & SBF - SOC 355 Flashcards | StudBud

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In what year was FTX founded?

How did Sam Bankman-Fried gain significant influence in politics?

FTX & SBF - SOC 355

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Answers

1
How did Sam Bankman-Fried gain significant influence in politics?
Through public endorsements of candidates
Through substantial political donations
By lobbying for financial reforms
By running for office
2
In what year was FTX founded?
2017
2019
2021
2018
3
Who became the CEO of FTX after its bankruptcy filing?
John J. Ray III
Changpeng Zhao
Caroline Ellison
Brian Armstrong
4
What governance issue significantly contributed to FTX's failure?
Overregulation
Excessive board oversight
Lack of internal controls
Too many independent audits
5
What was the name of the trading firm also founded by Sam Bankman-Fried?
Gemini
Alameda Research
Coinbase
Binance
6
What did John Ray find regarding FTX's financial records?
They were only in paper
They were incomplete and unreliable
They were audited by top firms
They were meticulously maintained
7
Who founded FTX?
Sam Bankman-Fried
Changpeng Zhao
Brian Armstrong
Richard Singer
8
Which political party did Sam Bankman-Fried primarily support with his donations?
Green Party
Kanye 2024
Republican Party
Democratic Party
9
What was FTX primarily known for?
Cryptocurrency exchange
Online banking service
Stock trading platform
E-commerce marketplace
10
What was one of the main causes of FTX's downfall?
Regulatory crackdown
Misuse of customer funds
Cybersecurity breach
Market competition
11
Where is Sam Bankman-Fried now?
Teaching at a university
Living abroad
Running a new crypto exchange
Serving a prison sentence
12
What did John J. Ray III say about FTX's corporate controls?
They were among the best he'd seen
They needed minor improvements
They were compliant with regulations
They were non-existent