- Sam Bankman-Fried stated he has “no concept” the status of his individual finances following FTX’s collapse.
- “I had $100,000 in my financial institution account very last I checked,” the former CEO told Axios.
- Bankman-Fried as soon as had a internet well worth of $26 billion.
Sam Bankman-Fried, the previous cryptocurrency exchange CEO who was after valued at $26 billion, is down to his previous $100,000 soon after the implosion of FTX, he advised Axios this 7 days.
The trader took a massive hit in early November when the bulk of his web worthy of dropped from $15.6 billion to $1 billion in a single working day following information that FTX essential a bailout.
Bankman-Fried advised Axios on Monday that he experienced “no thought” what the point out of his personalized finances was just after the collapse.
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“Am I authorized to say a adverse selection?” he told the outlet. “I signify, I have no thought. I you should not know. I experienced $100,000 in my financial institution account past I checked.”
Bankman-Fried explained “everything” he experienced was tied up in the now-unsuccessful company, building his fiscal condition “complicated.”
The job interview will come amid a complicated bankruptcy method. FTX collectors however never know if there is anything at all salvageable, Axios described.
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