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RUIN: Money, Ego and Deception at FTXDefendant concealed his diversion of FTX customers' funds to crypto trading firm Alameda Research while raising more than $ billion from. At the start of , the crypto company was valued at $32 billion. Now, it's bankrupt, more than a million people are worried the money they. � was a bad year for grifters and a good year for builders,� says Faryar Shirzad, the chief policy officer for Coinbase.