SBF tumbles off Bloomberg's billionaire index after trouble at FTX
Sam Bankman-Fried no longer ranks in the top 500 on Bloomberg’s billionaire index, but CZ remains at rank 87. Crypto billionaire Sam Bankman-Fried may not be able to claim the "billionaire" accolade anymore after an estimated 94% plummet in his personal wealth overnight, according to the Bloomberg Billionaires Index.Bankman-Fried was once a high rider in Bloomberg’s wealth index with an estimated net worth of $26 billion at his peak. However, the crypto entrepreneur is now no longer appears in the top 500.On Nov. 9, the outlet reported that his personal fortune is "likely" to be....
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According to on-chain data, FTT token supply increased by 124.3% on September 8 when 173 million FTT tokens were created by a 2019 ICO contract, and Alameda was the recipient. The rumors about the possible liquidity crisis for the world’s third-largest crypto exchange turned out to be true. Just a day after assuring funds are fine, and they have the assets to back customer’s funds, FTX CEO Sam Bankman-Fried (SBF) announced on Tuesday that Binance has shown intent to acquire the global crypto platform to help with the liquidity crisis.The liquidity crunch came as a surprise to many, given....