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In less than a week, Sam Bankman-Fried's $16 billion fortune evaporated

Por: CNN Business November 12, 2022

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New York CNN Business  —  woke up on Monday still a billionaire, even as his cryptocurrency empire was beginning to unravel. By Friday, his fortune was completely wiped out. Based on net worth calculations by Bloomberg, Bankman-Fried was worth about $16 billion at the start of the week. But as his crypto exchange, FTX, collapsed, the value of his assets was reduced to zero in what “one of history’s greatest-ever destructions of... + full article



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