FTX Cryptocurrency exchange CEO Gabe Bankman-Fried at a hearing on Capitol Hill on May 12, 2022.
Tom Williams/CQ-Roll Call via Getty Images
Sam Bankman-Fried said he has “no idea” the status of his personal finances after FTX’s collapse.
“I had $100,000 in my bank account last I checked,” the former CEO told Axios.
Bankman-Fried once had a net worth of $26 billion.
Sam Bankman-Fried, the former cryptocurrency exchange CEO who was once valued at $26 billion, is down to his last $100,000 after the implosion of FTX, he told Axios this week.
The investor took a massive hit in early November when the bulk of his net worth dropped from $15.6 billion to $1 billion in a single day following news that FTX needed a bailout.
Bankman-Fried told Axios on Monday that he had “no idea” what the state of his personal finances was after the collapse.
“Am I allowed to say a negative number?” he told the outlet. “I mean, I have no idea. I don’t know. I had $100,000 in my bank account last I checked.”
Bankman-Fried said “everything” he had was tied up in the now-failed company, making his financial situation “complicated.”
The interview comes amid a challenging bankruptcy process. FTX creditors still don’t know if there is anything salvageable, Axios reported.
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