## Sam Bankman-Fried: From MIT to FTX and Alameda Research
### Early Years and Education
Sam Bankman-Fried, the former CEO and co-founder of FTX and Alameda Research, has always been passionate about the world of finance and technology. Born and raised in California, Bankman-Fried attended the prestigious Massachusetts Institute of Technology (MIT), where he majored in Physics and graduated in 2014.
### Career in Cryptocurrency
After graduating from MIT, Bankman-Fried dove headfirst into the world of cryptocurrency. In 2017, he co-founded Alameda Research, a quantitative cryptocurrency trading firm that trades an average of $1 to $10 billion per day worldwide. The firm has become one of the most successful quantitative trading firms in the cryptocurrency space, thanks to Bankman-Fried’s strategic leadership.
### CEO of FTX
In addition to his work with Alameda Research, Bankman-Fried also co-founded the cryptocurrency exchange FTX in 2019. Under his leadership as CEO, FTX rapidly became one of the largest and most successful cryptocurrency exchanges in the world. However, in 2020, Bankman-Fried handed over the reins of FTX to a new CEO, Gary Wang, in order to focus more on his role at Alameda Research.
Outside of his work in the cryptocurrency industry, Bankman-Fried is also known for his philanthropy. In 2021, he donated $5 million to support President Joe Biden’s campaign, becoming one of the largest contributors to the campaign. Additionally, he has pledged to donate a significant portion of his personal wealth to various charitable causes.
### Personal Life
Despite his busy professional life, Bankman-Fried remains grounded and is known for his down-to-earth personality. He has been vocal about the need for transparency and ethical business practices in the cryptocurrency industry, and his dedication to philanthropy has earned him respect and admiration from his peers.
### Future Endeavors
As of 2022, Bankman-Fried continues to be a prominent figure in the cryptocurrency industry, and his contributions to the field are widely recognized. With his background in physics and his entrepreneurial spirit, he is sure to continue making waves in the world of finance and technology for years to come.