30-year-old billionaire from the top 10 Forbes lost his entire fortune in 48 hours

2313

Sunday, 13 November, 2022, 12:36

30-year-old billionaire Sam Bankman-Fried, who was in the top 10 Forbes, lost his entire fortune in 48 hours, Sputnik reports.
This is reportedly due to the fact that the second largest cryptocurrency exchange FTX initiated its bankruptcy in the United States. Sam Bankman-Fried, who served as CEO, resigned.

Just two months ago, Forbes magazine estimated Sam’s net worth at about $17 billion. 16 of them this week he lost in one night.
It is also reported that at least $1 billion of customers disappeared from the collapsed FTX crypto exchange. The company said it intends to investigate “anomalous transactions.”

ARTSAKH NEWS

30-year-old billionaire from the top 10 Forbes lost his entire fortune in 48 hours

Read Also

Getting ships in place to reopen Strait of Hormuz will take time, expert says

Bahrain starts output cuts at world’s top aluminum smelter

EU and Azerbaijan deepen energy security partnership in Bakuremarks by President António Costa following the meeting with President of Azerbaijan Ilham Aliyev

Iran Moving a Lot of Oil Through Hormuz, Satellite Tracker Says

Saudi Arabia Starts Reducing Oil Production As Hormuz Closure Fills Storage: #Bloomberg

Entry and exit restored for cargo transport between Azerbaijan and Iran

Iran war spreading economic damage far beyond oil and gas markets

Speaking of the strategic Strait of Hormuz, Araghchi said, "We have no intention to close it right now."