30-year-old billionaire from the top 10 Forbes lost his entire fortune in 48 hours
2364
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.”
Iran says agreement reached with US to release $12 billion in frozen funds
157523.06.2026, 23:40
Georgia denies claims of Armenian products re-export to Russia via its territory
171919.06.2026, 13:35
EU readies trade relief for Armenia after Russian import bans
176417.06.2026, 10:44
G7 pledges tougher sanctions on Russia’s oil and gas sector
169917.06.2026, 10:24
Trump denies $300m payment to Iran
147616.06.2026, 10:50
Russia’s war of aggression against Ukraine: new EU sanctions target energy revenues, the military-industrial complex, propaganda and human rights violations
143015.06.2026, 22:44
Bahrain's Alba Acquires Aluminium Dunkerque, the EU's Largest Aluminium Smelter, for USD 2.2 Billion
313302.06.2026, 18:06
US, Iran agree on 60-day ceasefire extension, but Trump is yet to sign off
254028.05.2026, 23:16