Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
Live Now : Nifty Banker 3.0 | India's First Retail Index Traders Online Conference.
Budget 2023
Budget 2023
you are here: HomeNewsTrends

Sam Bankman-Fried says he has only $100,000 left in his bank account

Sam Bankman-Fried, the disgraced crypto boss at the centre of the FTX collapse, says he has around $100,000 left in his bank account

November 30, 2022 / 07:42 AM IST
FTX Founder and former CEO Sam Bankman-Fried

FTX Founder and former CEO Sam Bankman-Fried

Sam Bankman-Fried, the disgraced crypto boss at the centre of the FTX collapse, says he has around $100,000 left in his bank account. In a Monday night interview with Axios, Bankman-Fried blamed both personal shortcomings and regulatory gaps for the implosion of his crypto exchange FTX, which filed for US bankruptcy protection earlier this month.

Asked about his personal finances, Sam Bankman-Fried, 30, said, “Am I allowed to say a negative number?”

"I mean, I have no idea. I don't know. I had $100,000 in my bank account last I checked," he clarified.

“It's complicated. Basically everything I had was just tied up in the company,” the embattled FTX founder explained.