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Ex CEO of FTX has only $100k left in his bank account since company collapsed

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Ex CEO of FTX has only $100k left in his bank account since company collapsed-GadgetAny
Sam Bankman-Fried

Former FTX CEO Sam Bankman-Fried claims that his bank account has fallen to about $100,000 after the massive bitcoin exchange abruptly went under.

Fried used to be the CEO of the stunning $32 billion company FTX. However, it appears that his personal finances have taken a severe turn this time.

On February 9, 2022, on Capitol Hill in Washington, DC, Samuel Bankman-Fried, the founder and CEO of FTX, gives a testimony during a hearing of the Senate Committee on Agriculture, Nutrition, and Forestry titled “Examining Digital Assets: Risks, Regulation, and Innovation.”

Sam Bankman-Fried

Ex FTX CEO Sam Bankman-Bank Fried’s Bank Balance

In a recent interview, the former FTX CEO disclosed how much money he still had in his bank account, according to the most current news report by Business Insider.

According to the news source, Bankman-Fried still boasted a net worth of $15.6 billion at the beginning of November. However, in just one day, it had dropped to just $1 billion.

It occurs after his cryptocurrency exchange operation reportedly declared bankruptcy. After FTX failed to obtain the necessary bailout, he also left his position as its CEO.

And now, the former executive in charge of FTX claims that his bank account now only has $100 in it.

When asked about his finances, the former CEO of the cryptocurrency exchange revealed to Axios how much money he still has in his bank account.

After FTX suffered a severe collapse, Axios inquired about Bankman-financial Fried’s situation. Is it permissible for me to say a negative number in response? He continued by saying that he is genuinely clueless.

He blurted out that “he had $100,000” in his bank account when he last checked it as he was attempting to respond to the query. Accordingly, if the former executive of a crypto exchange is to be believed, his bank account is now only worth $100.

Prelo Con

By Prelo Con

Following my passion by reviewing latest tech. Just love it.

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