Fall of FTX and Sam Bankman-Fried

FTX Sam Bankman-Fried Live Updates and Latest News: 

Samuel Bankman-Fried, popularly known as SBF is the co-founder and former CEO of the Bahamas-based exchange FTX. FTX was one of the leading exchanges in the Crypto world. Its native token FTT started facing a crisis in mid-2022. It filed for bankruptcy in the United States in November, 2022. 

At the peak of his life, his net worth was estimated to be $26 billion. In the month of October, this year he estimated wealth was at $10.5 billion. Amid the FTX crisis his wealth dropped by 94% in a day bringing him down to $991.5 million. 

He donated huge sums of money to Democratic Party candidates in the U.S. 

The post FTX Sam Bankman-Fried Live Updates: BitGo Has Recovered $740 M From The Failed Cryptocurrency Exchange FTX So Far appeared first on CoinGape.

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