Once SBF Had A Net Worth Of $100 Billion
December 01, 2022
In an interview with Bloomberg, FTX’s Former CEO Sam Bankman-Fried said that if you mark everything to market, at one point his net worth got to $100 billion.
Many of them consisted of tokens that SBF and his friends had spun up themselves like FTT, Serum, and Maps.
SBF claims he could have taken out a good amount of money from his holdings. But he didn't do it.
In his recent interview, SBF revealed the direct personal effects of the FTX implosion.
Former CEO said that he is left with only one working credit card and $100,000 in the bank account.
He in his interview with ABC News said that he “did not know that there was any improper use of customer funds” at his company.
Before the crash, FTX was the world's largest cryptocurrency trading platform and was valued at $32 billion earlier this year.