The Wall Street JournalThe full details of how Bankman-Fried drove his crypto giant into the ground, and how it will be rescued—if at all—remain uncertain. But one thing is clear at this stage: Bankman-Fried has lost billions upon billions.is likewise marking down Bankman-Fried’s stake in the business to nothing, given its collapse. We’re similarly cutting our estimate of his 90% stake in Alameda to zero.
FTX’s valuation peaked in January, when it raised $400 million from the likes of Singapore-government owned investment firm Temasek, crypto venture capital firm Paradigm, Tiger Global Management and the Ontario Teachers’ Pension Plan Board at a $32 billion valuation. FTX U.S. was valued at $8 billion when investors poured money into both FTX and FTX U.S. at a combined $40 billion valuation in January–before the crypto winter fully set in. Whether he will walk away from everything with a stake in FTX U.S.–and whether it will be worth anything–remains up in the air.November 1, 2022: $5.4 billionBankman-Fried’s other major business is his trading firm and market maker Alamada Research, through which he holds investments in a number of cryptocurrencies.
Tomorrow it’ll be $0
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Sam Bankman-Fried No Longer a Billionaire After $14.6B Overnight Wipe-out.SBF_FTX has vanished from the business Billionaires Index after losing a reported $14.6 billion in a single day. cheyenneligon reports SBF_FTX business cheyenneligon Rug pull when you can print your own money and call yourself rich. He tried to act like the FED SBF_FTX business cheyenneligon That's nothing, I bought 20 powerball tickets in the past week and lost every time, that's like 35 billion. SBF_FTX business cheyenneligon
Source: CoinDesk - 🏆 291. / 63 Read more »
FTX founder Sam Bankman-Fried removes ‘assets are fine’ flood from TwitterThe community has been outraged about SBF deleting recent tweets about FTX, with many blaming the CEO for “blatant lies” about the status of assets on the exchange. will save the masses~ 🌹 Somebody shortened heavily for sure. To retire somewhere… Fake cards 👎
Source: Cointelegraph - 🏆 562. / 51 Read more »
Sam Bankman-Fried No Longer a Billionaire After $14.6B Wipe-out: BloombergFTX CEO Sam Bankman-Fried has vanished from the Bloomberg Billionaires Index after his estimated personal wealth plummeted nearly 94% to $991.5 million in a single day. This is a real financial problem. Puts into perspective our petty moaning about utilities bills and mortgage/rent rises Anyone have the GoFundMe link? Have to lose those the car with the upward swinging doors…no more 3 comma club
Source: YahooNews - 🏆 380. / 59 Read more »
Sam Bankman-Fried Created a Crash For the AgesSam Bankman-Fried crashed his companies and created a financial contagion. KevinTDugan writes on how the deal to save FTX died and how Bankman-Fried has gone from superstar to pariah
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Sam-Bankman Fried told OKX FTX has liability of $7 bln - OKX directorFTX CEO Sam Bankman-Fried has appealed for a $2 billion to $4 billion cash injection from OKX on Monday morning just prior to the announcement of the now collapsed acquisition mooted by arch rival Binance, said a senior executive at OKX. Buy the dip! LMFAO SBF supports apartheid Israel. Hope he goes to jail for mishandling customer funds.
Source: Reuters - 🏆 2. / 97 Read more »
Sam Bankman-Fried Says Alameda Winding Down, Promises US Customers 'Fine'JUST IN: SBF_FTX says his trading firm AlamedaResearch is being wound down. inkbacker reports SBF_FTX AlamedaResearch inkbacker Meaning? SBF_FTX AlamedaResearch inkbacker ftt is dead now christinenews SBF_FTX AlamedaResearch inkbacker Yeah- after he earned 4.5 BILLION - FU SBF_FTX Nice job ✌️
Source: CoinDesk - 🏆 291. / 63 Read more »