The entire $16 billion fortune of former FTX co-founder Sam Bankman-Fried has been wiped out, one of history’s greatest-ever destructions of wealth. The downfall of his crypto empire — which filed for bankruptcy on Friday along with his resignation — means assets owned by the mogul once likened to John Pierpont Morgan have become worthless. […]

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• Source: https://bankautomationnews.com/allposts/crypto-defi/bankman-frieds-assets-plummet-from-16-billion-to-zero-in-days/