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.

[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 $40 billion.

[1] transferred $10 billion in customer funds to his hedge fund, [2] without publicly disclosing it, many say this became the reason for collapse of his empire.

[Extracted, with edits and revisions, from “Who is [1], the co-founder of collapsed crypto firm FTX”, Hindustan Times]

Name the Government of India-owned corporation that mints legal tender coins in India.

The correct option is Security Printing and Minting Corporation of India Ltd.

Step-by-step Explanation:

1. Understanding the Question:
The question asks to identify the Government of India-owned corporation responsible for minting legal tender coins in India. (Note: Although the passage provides context about Sam Bankman-Fried and FTX, the question itself is an independent general knowledge question about Indian currency minting authority).

2. Analyzing the Options:
• National Institute of Financial Management (NIFM): An autonomous institution under the Ministry of Finance focusing on education, training, and research, not manufacturing coins or currency.
• Security Printing and Minting Corporation of India Ltd. (SPMCIL): A Miniratna Category-I Central Public Sector Enterprise (CPSE) wholly owned by the Government of India. It manufactures and produces currency notes, bank notes, security paper, non-judicial stamps, and mints legal tender coins at four mints located in Mumbai, Kolkata, Hyderabad, and Noida.
• India Infrastructure Finance Company Ltd. (IIFCL): A government-owned company providing long-term financial assistance to viable infrastructure projects.
• National Bank for Agriculture and Rural Development (NABARD): An apex development financial institution in India for rural development and agriculture.

3. Conclusion:
Therefore, the entity responsible for minting legal tender coins in India is the Security Printing and Minting Corporation of India Ltd.