YouTuber Nas Daily in one of his videos named him as the Most Generous Billionaire who wanted to donate all his wealth to charity. But ten months later, ‘[1]’ is no longer a billionaire. He is alleged to have caused massive losses worth $1 billion to investors. Known by his initials, he is the co-founder and former CEO of FTX, one of the biggest cryptocurrency exchange which has recently filed for bankruptcy in the US.
Once a billionaire with an estimated wealth of $26 billion at peak, according to Bloomberg estimates, [1] has seen his wealth been entirely wiped out. [1] studied physics at Massachusetts Institute of Technology (MIT) and traded currencies, futures and exchange-traded funds before moving to crypto trading, setting up [2] in 2017. & nbsp;
[1] teamed up with Gary Wang, a former software engineer at Google and a fellow MIT graduate, to launch FTX in 2019. The company offered trading on crypto tokens and derivatives. At the start of 2022, investors valued FTX and its U.S. operations at 40billion.[1]transferred10 billion in customer funds to his hedge fund, [2] without publicly disclosing it, many say this become the reason for collapse of his empire.
Since three of the four names run exchanges or firms that are still standing, it helps to focus on which one is tied to a company that actually went bankrupt.
Only the company tied to Bankman-Fried actually went bankrupt in the way the passage describes, so he is the person referred to as [1].
Another way to work through the options is to check each person's educational and career background against the specific clues the passage gives, an MIT physics degree and a co-founder named Gary Wang.
Matching the MIT physics and Gary Wang details, which are very specific, confirms the person is Sam Bankman-Fried.
So the correct answer is Sam Bankman-Fried.
A useful check here is timing, the passage says funds moved to this hedge fund without disclosure, which fits a firm closely tied to FTX rather than an outside asset manager.
Since Alameda is the only fund with that close, undisclosed relationship to FTX, it is the correct answer.
Another way to identify the fund is to recall the scale of the transfer described, about $10 billion, and check which fund's known troubles match that figure.
The specific $10 billion figure lines up only with Alameda Research, confirming it as the hedge fund named in the passage.
So the correct answer is Alameda Research.
Since the question names a specific company, Theranos, the fastest check is simply which of these four people founded a company by that name.
Since Theranos belongs only to Elizabeth Holmes among the four, she is the answer.
Another approach is to recall how each of these four billionaires' stories ended, since the question's phrasing hints at someone whose peak title did not last.
The rise-and-fall pattern in the question points specifically to Elizabeth Holmes, matching the Theranos clue as well.
So the correct answer is Elizabeth Holmes.
A simple way to work through this is to ask who issues the Digital Rupee and compare that against what each option actually means.
Since the RBI itself issues the Digital Rupee, the correct classification is Central Bank Digital Currency.
Another way to confirm the answer is to compare India's Digital Rupee with similar projects other countries have launched, since most central banks use the same term for this kind of digital money.
Placing the Digital Rupee alongside other countries' central bank digital money confirms it belongs to the Central Bank Digital Currency category.
So the correct answer is Central Bank Digital Currency.
Think about what would break if you removed just one of these technologies from a cryptocurrency system.
Because taking away either cryptography or blockchain breaks the system, cryptocurrency needs both together, not just one of them.
So the answer is Both (A) and (B).
A third way to look at this is to match each technology to the specific job it performs inside a cryptocurrency network.
Splitting the system into its security function and its record-keeping function shows both technologies are required, not either one in isolation.
So the correct answer is Both (A) and (B).
Since three of the four options are finance or lending institutions, it helps to separate producing money from managing or lending money.
Since only SPMCIL physically produces coins, that is the correct answer.
Another way to confirm this is to think about where India's coins physically come from, the actual mint locations, and match that against each organisation.
Tracing the coins back to their physical source, the government mints, leads directly to the Security Printing and Minting Corporation of India Ltd.
So the correct answer is Security Printing and Minting Corporation of India Ltd.
A quick way to answer is to separate stock-market scams from corporate accounting scams, since the question specifically describes the latter.
Since the question is about a company falsifying its own accounts rather than market manipulation or banking fraud, the answer is B. Ramalinga Raju.
Another angle is to recall roughly when each of these frauds became public, since they happened in different decades and the Satyam case is specifically a 2009 event.
Placing each scandal on a timeline and checking the specific company involved confirms B. Ramalinga Raju as the person described.
So the correct answer is B. Ramalinga Raju.