How did Sam Bankman lose so much money?

How did Sam Bankman-Fried, the once-promising figure in the cryptocurrency world, manage to lose such a staggering amount of money? It's a question that's baffling many in the finance industry. Was it a series of risky investments gone wrong? Or was it a lack of proper oversight and regulation within his own organization? Surely, his downfall must have been the result of some combination of factors, but what exactly were they? It's a mystery that deserves unpacking, and one that we must understand to prevent similar disasters in the future.