TechFTX Update: Sam Bankman-Fried's Exchange Collapse Wipes Out His $16 Billion Wealth FTX's collapse has erased Bankman-Fried's $16 billion wealth. In one of the largest-ever destructions of wealth in history, Sam Bankman-Fried, co-founder of FTX, has now lost his entire $16 billion wealth, according to a report by Bloomberg.by Jace Dela Cruz
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