- Sam Bankman Fried said he had “no idea” what his personal finances would look like after the collapse of FTX.
- Axios’ former CEO said that $100,000 was in his bank account at the time he checked.
- Bankman-Fried once had $26 billion in net worth.
Sam Bankman-Fried is the former The CEO of a cryptocurrency exchange was once valued as high as $26 billionAfter his last $100,000, he is now down to $0 The implosion of FTXHe said: AxiosThis week.
An investor suffered a huge loss in November, when his net worth plummeted. Dropped from $15.6 Billions to $1 Billion in One DayFollow this link to receive the latest news FTX required a bailout.
Axios’ Bankman-Fried said Monday that he didn’t know what his personal finances were after the collapse.
“Am I allowed? The outlet was informed by him. “I don’t know. I don’t know. “I had $100,000 in my last bank account when I checked.”
Bankman-Fried claimed that everything he owned was tied up by the now-defunct business, which made his financial situation “complicated.”
This interview was conducted amid a difficult bankruptcy process. Axios reported that FTX creditors don’t know if anything is salvageable.
This is a breaking story. Keep checking back for more updates.
