The financial world has been buzzing for the past week over the stunning downfall of FTX cofounder Sam Bankman-Fried, whose $16 billion fortune evaporated seemingly overnight. The 30-year-old’s financial ruin has been described by some as one of the most significant losses of personal wealth of our time—if not all time.
As of Friday, Bankman-Fried, who goes by SBF, had filed for bankruptcy and resigned from his role as CEO of FTX, which was the second-largest and fastest-growing crypto exchange.
