How Much Trouble Is FTX’s Sam Bankman-Fried In?

At one point in the last several years, Sam Bankman-Fried, the cofounder of cryptocurrency exchange FTX, was reportedly worth an estimated $26 billion. At the beginning of last week, that number was a reported $16 billion. Now, it’s approximately zero dollars and zero cents. And that’s got to hurt, but probably of more concern to “SBF,” as he is known, is the prospect of potentially going to prison following the stunning, epic collapse of his company, which filed for bankruptcy on Friday, days after he assured customers that “FTX is fine.” The Wall Street Journal reports that the Manhattan US… Read Full Article