FTX Founder and former CEO Sam Bankman-FriedHe said he lost almost all of his fortune.
SBF also stated that if Binance CEO Changpeng Zhao (CZ) had not voiced his concerns and there were regulations, FTX would have a 50-50 percent chance of getting rid of it.
SBF Says How Much Money He Has In The Bank
Notorious crypto exchange FTXSam Bankman-Fried, the founder of , continues to make statements after the crisis.
SBF, once hailed as one of the crypto kings, has announced that he has lost almost all of his fortune. axiosSpeaking to SBF, SBF claimed that the last time he checked was $100,000 in his bank account.
That number represents a drop of over 99 percent from his net worth, which was said to be over $16 billion at one time before the collapse of FTX. Moreover, the fortune of the former CEO of FTX had reached around $26.5 billion at one point. However, a large part of this wealth was lost due to FTX.
SBF Requested More Regulations
Sam Bankman-Fried also touched upon the issues that could prevent the collapse of one of the world’s largest crypto exchanges. According to the former billionaire, regulation and proper oversight could have prevented the collapse of FTX.
Speaking about the events that led to the collapse of FTX, SBF stated that it was a combination of multiple events and said: