Sam Bankman-Fried's $16 Billion Fortune Is Eviscerated in Days

Source: Bing

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Source: Bing

[{"selector":"#anim-c4642cd2-e4fb-4063-b11d-a6867652e2c6","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] The curly-haired 30-year-old known as SBF was everywhere, backing flailing projects including BlockFi, Voyager Digital and Celsius.

Source: Bing

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Source: Bing

[{"selector":"#anim-d8c56d2e-e6e3-41d9-80f5-000c659166fa","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] And he looked poised to leverage his fortune - $26 billion at its peak to shape the world, donating millions to Democrats and promising that one day he'd give it all away to political causes and charity.

Source: Bing

[{"selector":"#anim-8466dfb4-2240-476b-b9ff-5e0568cc19ef","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] In the span of days, it became clear that Bankman-Fried and FTX were in the midst of a liquidity crunch and needed a bailout of their own.

Source: Bing

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[{"selector":"#anim-37cb5411-fbc3-463c-a7c3-300f229abaaa","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Learn more