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FTX’s Sam Bankman-Fried Says He Only Has $100,000 In His Bank Account



The former CEO of failed crypto exchange FTX says he pulled down to his last $100,000—and that was just the last time he checked.

In an interview in Monday, axis ask Sam Bankman-Fried – who used to say valuable $26.5 billion — in his personal finances. His response: “Am I allowed to say negative numbers?”

“I mean, I don’t know,” Bankman-Fried said. “I don’t know. I had $100,000 in my bank account last time I checked.”

He says determining his wealth is “complicated” and that basically everything he has is “tied to the company,” which is worth 32 billion USD before its downfall.

Of course, earlier this month FTX filed for Chapter 11 bankrupt. The company suffered a liquidity crunch due to customer abandonment, which led to a collapse in just 48 hours and allegations of fraud.

“I wish I had been more careful,” said Bankman-Fried Axios. “I clearly regret this. I have focused on volume, rather than positions for balance. I should have been more responsible, and I should have been more on top of what was going on.”

He said he thinks regulation may have helped prevent FTX from exploding.

“There is certainly a degree to which I wish that someone other than me was in charge of managing conflicts of interest,” he said, adding, “I wish I had more reports and clarifications. more transparent to outside parties.”

The explosion changed the image of Bankman-Fried, who is often referred to by the name SBF, from a crypto hero and the next Warren Buffett to a cautionary tale of the loss of billions in personal wealth and at the very least. $1 billion in customer money, Reuters previous report.

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