Sam Bankmanfried
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The founder of FTX called Sam Bankmanfried

The founder of FTX called Sam Bankmanfried

Sam Bankmanfried

U.S. Internet media Axios reported on the 29th (local time) that Sam BankmanFried, the founder of FTX, a cryptocurrency exchange that recently shook the global virtual asset market with a bankruptcy protection application, said his bank balance was around $100,000.

Bankman Fried, once called the “Warren Buffett” of the coin world, was once a billionaire with assets of $26.5 billion. However, when reporter Axios asked about his personal financial situation in an interview with Bankman Fried the previous day, he replied, “There was $100,000 left when I checked my last balance.” “Basically, all my property is tied to the company,” he said.

Earlier, Bloomberg reported on the 8th that Bankman Fried’s personal wealth evaporated by 16 billion dollars  in a day.

According to Axios, Bankman Fried admitted that he could have prevented FTX from going bankrupt if there were regulations and supervision. “If the Commodity Futures Trading Commission (CFTC) regulations were applied after looking at the performance, it would have been a great help in complying with international law. It would have been nice if there was a conflict of interest other conflict of interest. “It should have been transparent, such as disclosing more to external parties,” he said.

Also, “I should have been more careful. I regret this. I didn’t think about balance of payments and just tried to grow in size. “I should have been more responsible and I should have taken care of everything myself,” he said, adding that he would bear all the criticism.

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