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Business Maverick: Sam Bankman-Fried Says He Has ‘Close to Nothing’ Left After $26 Billion Wipeout

Summary by Ground News
Bankman-Fried, 30, who remains in the Bahamas, said he's left with just one working credit card linked to a bank account with $100,000. He added that he's disclosing everything and has no hidden funds. The restructuring expert who took over FTX in bankruptcy, John J. Ray III, has said it was the worst failure of corporate controls he'd ever seen.

5 Articles

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Star AdvertiserStar Advertiser
Center

Ex-FTX CEO says he has ‘close to nothing’ left after $26 billion wipeout

Sam Bankman-Fried, who at one point was worth $26 billion, claims he now has “close to nothing.”

·Honolulu, United States
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TownhallTownhall
Right

Sam Bankman-Fried in NYT Interview: 'I've Had a Bad Month'

·Washington, United States
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Financial PostFinancial Post
Lean Right

'I've had a bad month': Sam Bankman-Fried says he has 'close to nothing' left after $260-billion FTX wipeout

Sam Bankman-Fried was worth US$26 billion before one "bad month" wiped out his fortune. Find out more.

·Canada
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Daily MaverickDaily Maverick
Center

Business Maverick: Sam Bankman-Fried Says He Has ‘Close to Nothing’ Left After $26 Billion Wipeout

Sam Bankman-Fried, who at one point was worth $26 billion, claims he now has “close to nothing.”

·South Africa
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Bloomberg LineaBloomberg Linea

Sam Bankman-Fried has “almost nothing” left after losing $26 billion to FTX

He said that he only has one working credit card left linked to a bank account with $100,000

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Daily Maverick broke the news in South Africa on Thursday, December 1, 2022.
Sources are mostly out of (0)

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