How FTX CEO Lost Billionaire Status in One Day: From Crypto Kingdom to Collapse

According to the Bloomberg billionaire index, FTX CEO Sam Bankman-Fried (SBF) lost his billionaire status by losing $14 billion of his $15 billion assets in 1 day.

Alameda Researchbeginning with the discovery that there are too many FTTs on the balance sheet of Binance CEO will liquidate FTTs held by CZ by announcing Selling FTX to Binance liquidity problems, It also affected CEO Sam Bankman-Fried’s personal assets.

Bloomberg billionaire index with data update Bankman-Friedduring that crisis He lost his billionaire status by losing $14.6 billion in just one day. revealed.

2022 at the beginning of the year about $15 billion Bankman-Fried, which owns total assets, only $991 million has assets.

Sam-Bankman In the second quarter of 2022, with crypto money companies rushing to help with their liquidity problems and saving many companies by buying them. made a name for himself. The second largest cryptocurrency exchange in the world, headed by Bankman Fried FTX and one of the leading names in the industry with which it has close relations. Alameda Research, “The Crypto Kingdom of SBF” was called.

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