Crypto billionaire Bankman-Fried loses 94% wealth

Crypto billionaire, Sam Bankman-Fried, has experienced a 94 per cent overnight decline in his wealth, according to the Bloomberg Billionaires Index. The Bloomberg wealth index predicted that current FTX investors, such as Bankman-Fried and Alameda, will lose everything due to Binance’s upcoming bailout of FTX. Sam Bankman’s net worth had decreased from $15.6 billion on […]