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This cryptocurrency trader is suddenly poor, his assets lose IDR 247T!

Jakarta

Bad luck Sam Bankman-Fried. He is known to be wealthy due to the success of the trading company crypto- she, FTX. But suddenly the company went bankrupt and he became instantly poor.

According to Bloomberg’s calculations, as of the beginning of this week his wealth was still $16 billion or about 247 trillion rupees. But with the collapse of FTX, which had filed for bankruptcy, its assets were reduced to zero, in what Bloomberg said was one of the biggest wealth crashes in history.

As mentioned detikINET from CNN, Bankman stepped down as CEO of FTX. His wealth, which is related to digital assets, once reached $26 billion.

Bankman used to own 70% of FTX, but now its value is almost zero. The fall is said to have been caused by Bankman himself. he has been busy bailing out other cryptocurrency companies for the past few months.

Three people close to the company’s operations also said that several deals actually caused the company to lose money and it eventually went bankrupt.

Bankman himself currently resides in the Bahamas, where he is a permanent resident. There are reports that he has been trying to go to Argentina, as the authorities want to investigate his actions.

However, in a short message received by CNBC, Bankman admits he’s not going anywhere, he’s still in the Bahamas. Additionally, there are reports that between $1 and $2 billion in funds belonging to FTX clients have disappeared without a trace.

Naturally this incident is very damaging to the reputation Fried Sam Bankman. He is known as a humble wealthy man, who also often donates his money to charity. Now his wealth can be said to have all but disappeared and he also faces an investigation by the authorities regarding the bankruptcy of FTX.

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