The FTX fallout is the top story of all news outlets across the world. Sam Bankman-Fried going from ‘the future Warren Buffet’ & billionaire to not even a billionaire in 1 day is astonishing. He lost 94% of his wealth according to one report. But now, it’s not the headlines, it’s what in […]
Tag: FTX
November 10, 2022
November 8, 2022
Sam Bankman-Fried’s Net Worth Falls To US$991M, No Longer A Billionaire
According to data from the most recent Bloomberg Terminal, updated on November 8th, FTX CEO Sam Bankman-Fried’s net worth underwent a stinging downfall. In the last couple of days, FTX went through a rollercoaster of emotions after its competitor, Binance announced that the exchange would be liquidating FTT assets in the near future. $280-Million lost […]
November 8, 2022
Official Takeover: Binance Now Buying FTX
Binance, the world’s largest cryptocurrency exchange, reached an agreement to acquire its competitor FTX. This week, Bankman-Fried’s exchange experienced a major liquidity crisis after Binance decided to liquidate the exchange’s token, FTT. For this reason, Binance may be forced its hand on devaluing FTX’s price, ahead of the acquisition. The transaction is the largest consolidation […]
