2. FTX bankruptcy
One of the biggest scandals of the year in the techie scene was the sudden bankruptcy of the cryptocurrency exchange FTX. The most scandalous thing is that it was Sam Bankman-Fried, the founder of FTX, who allegedly caused the company to go bankrupt by embezzling several billion dollars.
Since FTX filed for bankruptcy, Bankman-Fried has been extradited from the lithuania number data Bahamas to the United States and subsequently arrested. Across the pond, the former CEO of FTX will face trial for fraud.
accuses Bankman-Fried of misleading investors and misusing their funds to purchase real estate.
However, the person who triggered the collapse of FTX was Changpeng Zhao, CEO of Binance, a direct competitor of Bankman-Fried's company. Zhao's announcement that he would sell all his shares in FTX is believed to have triggered a massive withdrawal of assets from the platform, which ultimately led to its bankruptcy.
3. Horizon Worlds
Since Facebook changed its name to Meta at the end of 2021, the company led by Mark Zuckerberg has bet its future on the metaverse. The intention of the Facebook subsidiary was to be a pioneer in this market and lay the foundations for a virtual universe of cyclopean dimensions that was supposed to revolutionize the network of networks as we know it today.