Sam Bankman-Fried Has Almost Nothing Left After FTX Collapse – SlashGear

During the interview, Sorkin seemed surprised at Bankman-Fried’s claim that he had “close to nothing left” in his account and asked him whether he didn’t invest a portion of his billions in other ventures. Bankman-Fried first said that he didn’t have any hidden funds stashed elsewhere, despite numerous industry watchers flagging a few suspicious crypto transactions in the midnight hours of the FTX implosion and rumors that Bankman-Fried may have a few other undisclosed investments worth millions.

“I think I have one working credit card left. I think it might be $100,000 or something like that in that bank account,” the former FTX chief said. He further added that whatever loans he secured, he put them into running FTX. According to Forbes, Bankman-Fried was worth $22.5 billion before he even turned 30. In just over a year, his net worth has dropped to almost nothing.

FTX has already filed for bankruptcy, the company reportedly owes about $3 billion to its top 50 investors, with the top backer being owed as much as $226 million, while the investor lowest on the list still commands a pot worth $21 million. However, the number of creditors that FTX owes money could be well over a million, which is not surprising, considering it was once the third-largest crypto exchange in the world and was flying high with a peak valuation of $32 billion.