The founder of the infamous crypto exchange, FTX – Sam Bankman-Fried has spilled quite a lot of tea in recent interviews. The man once hailed as the crypto mogul revealed that he has lost almost all of his wealth. Speaking with Axios, SBF claimed that his bank account had $100,000 the last he checked.
This is over 99% fall from his net worth, which was once said to be over $16 billion before the collapse of FTX. Moreover, the former FTX CEO’s wealth even peaked at nearly $26.5 billion at one point. This, however, came crashing down as most of it was tied to FTX. SBF said, “It’s complicated. Basically everything I had was just tied up in the company”.
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