Sam Bankman-Fried, former CEO and founder of collapsed crypto exchange FTX, is down to $100,000 from the approximately $17 billion he was worth in early November.
In a recent interview with Axios, Bankman-Fried claimed that he currently has around $100,000 in his bank accounts, down by 99% from his net worth of around $17 billion based on calculations by Bloomberg.
"Am I allowed to say a negative number?" he said when asked about his personal finances. "I mean, I have no idea. I don't know. I had $100,000 in my bank account last I checked," he said. "It's complicated. Basically everything I had was just tied up in the company."
According to SBF's Forbes profile, most of his wealth was tied up in the ownership of about half of FTX and a share of its FTT tokens. His wealth peaked at an estimated $26.5 billion.
(By Ruholamin Haqshanas)
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