Bankman-Fried, widely known as SBF, started this week firmly in the realm of billionaires, with an estimated fortune of more than $15 billion, according the Bloomberg Billionaire Index. After the collapse of his crypto exchange, FTX, in a matter of days he may find himself out of the club.
His most valuable assets were his stakes in FTX, the crypto exchange he founded, and Alameda, a crypto trading house. The Bloomberg index assumes that SBF and all other investors in the exchange will be wiped out, and that FTX and Alameda will become suddenly worthless if they are bailed out by Binance. That would leaves SBF’s net worth at about $1 billion — a 94% collapse and the biggest one-day loss by a person tracked by the index.
Criminals don’t deserve a bailout. Just wait till you see the headlines and information that’s gonna be coming out in the next couple days. Once you see what he was actually doing I’m sure you’ll rethink the title of this article haha😂
Screw him.
HAHAHA WENDY'S IS HIRING MY BOY...
Did his company produce even a paper clip worth of economy value in its 3+ years. There should probably be a moratorium on proclaiming finance wizards during market booms. Wonder if this guy knows Lenny dykstra
His name literally Bank Man
Which is a bigger hustle?
It said he was still worth 800 million.
You guys haven't covered the fraudulent 2 billion dollar Powerball story at all... It is outrageous... And not one word?
Definitely not a white knight. More like a Degen knight, as almost everyone in the crypto industry, sadly
Oh my goodness, WHAT a name! Sounds like this Bankman got Fried!!!
Boo. Hoo.
Nice ad. Factually incorrect now, but nice ad nonetheless...