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Sam Bankman Fried, cryptocurrency king and founder of Ftx (who lost 25 billion in one day) arrested – Corriere.it

From Claudio Boza

Stopover in the Bahamas. Until recently he was ranked 60th on the Forbes list of billionaires. His assets were estimated at $26.5 billion, then collapsed in one day to $991.5 million.

Sam Bankman-Fried, founder and former CEO of the bankrupt cryptocurrency exchange FTX by the Bahamas authorities After US law enforcement authorities filed a complaint against him. The US media reported it.

Bahamas Attorney General Ryan Bender said the United States had brought unspecified criminal charges against Bankman-Fried and would likely seek his extradition. Bankman-Fried, 30, is scheduled to testify before the US House of Representatives Financial Services Committee tomorrow. Bahamas Prime Minister Philip Davis said that the Bahamas and the United States have a common interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law. Last month, FTX and its subsidiaries filed for bankruptcy and Bankman-Fried stepped down as CEO.

former rebellious genius, Until recently, he was ranked 60th in the world on the Forbes list of billionaires. His assets were estimated at $26.5 billion, then collapsed in one day to $991.5 million. His net worth fell, down 94%, according to the Bloomberg Billionaires Index, the largest single-day decline in the index’s history. It took 5 years to get to the surface. Few weeks to write on Twitter: I did a c…and should have done better.

December 13, 2022 (change December 13, 2022 | 01:41)