Former CEO of FTX, Sam Bankman-Fried has said he has just $100,000 in his bank account after running a company that was once worth $32 billion.
The former CEO of failed cryptocurrency exchange says he’s down to his last $100,000—and that was just the last time he checked.
Apart from the company filing for bankruptcy, after investors withdrew about $8 billion within the days, Bankman-Fried was also personally hit.
In an interview on Monday, Sam Bankman-Fried, who according to Forbes, was once said to be worth $26.5 billion was asked by Axios about his personal finances. His response: “Am I allowed to say a negative number?
As for other immediate personal fallout from the implosion of FTX, Mr. Bankman-Fried said he thought he had one working credit card and $100,000 left in the bank.
“I don’t have any hidden funds here,” New York Times quoted Bankman-Fried.
Bankman-Fried also painted FTX as having a tame work culture, brushing aside a question from Mr. Sorkin about FTX staffers’ alleged drug use. “There were no wild parties. At our parties, we play board games. Twenty percent of people would have a quarter of a beer each, and the rest of us would not drink anything.”
Mr. Bankman-Fried said he had been prescribed “various things” to help with concentration.
“I think they help me focus a little bit,” he said. “I had been a lot more focused over the last year.”
And to the question of whether he lied to customers, investors and regulators: “I was as truthful as I’m knowledgeable to be,” he said.
