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Disgraced FTX founder Sam Bankman-Fried claims he has just $100,000 left in his bank account after the implosion of his cryptocurrency empire.
The remarks Monday marked Bankman-Fried’s first attempt to explain his current personal wealth during intense scrutiny over his handling of FTX’s finances. The firm’s new leaders have condemned Bankman-Fried’s management of the company as they navigate a disastrous bankruptcy.
“Am I allowed to say a negative number?” Bankman-Fried told Axios regarding his personal finances. “I mean, I have no idea. I don’t know. I had $100,000 in my bank account last I checked.”
“It’s complicated. Basically everything I had was just tied up in the company,” Bankman-Fried added.
The paltry sum would be a dramatic plunge from Bankman-Fried’s estimated net worth of $16 billion before FTX collapsed this month.
