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Fortune
Fortune
Business
Steve Mollman

Crypto billionaire Mike Novogratz says Sam Bankman-Fried ‘should go to jail,' as the ex-FTX billionaire worries about paying his lawyers

(Credit: Jacob Kepler—Bloomberg via Getty Images)

As both CEO of Galaxy Digital Holdings and a Bitcoin maximalist, Mike Novogratz has taken many hits from the crypto winter, and the collapse of FTX into bankruptcy is just the latest blow.

Last month, Novogratz's crypto financial services firm disclosed $76.8 million exposure to FTX, while Novogratz has lost 64% of his net worth this year, which is now down to $1.8 billion, according to the Bloomberg wealth index.

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