- Sam Bankman Fried told the New York Times he’s sleeping well despite FTX’s implosion.
- Bankman-Fried witnessed 94% of the wealth he had evaporate, and is currently under investigation for allegedly mishandling funds.
- Bankman-Fried said to the New York Times, “It could have been worse.”
Sam Bankman-Fried saw last week 94% of his wealth vanished in the span of a few hours, but the disgraced former darling of the crypto world has apparently not lost any shut-eye over the collapse of his empire.
Bankman-Fried stated in an interview that “You would have thought I’d be getting no rest right now.” InterviewSunday, the New York Times
Bankman-Fried’s company FTX was regarded as one of the most reliable cryptocurrency trading platforms. Last Friday, filed for bankruptcyThe company failed to find an investor who would bail it out. Liquidity crisis caused by investors flooding to pull money out of their accounts.
Bankman-Fried, FTX executives face a host of challenges Multiple investigationsThe Bahamas and the US for allegedly improperly using billions upon billions of dollars of FTX customer funds to finance Alameda Research, a trading firm that Bankman-Fried owns, in the United States.
Bankman-Fried said to the New York Times, “It could have been worse.”
FTX did no immediate respond to this story.
Bankman-Fried is known to be a sucker for his sleep. Many profiles of the former richest man in under 30 years noted that he used a beanbag to take power napping between meetings.
Bloomberg reportedBankman-Fried sometimes delayed important meetings to take a nap.
