The net worth of FTX owner Sam Bankman Fried has decreased by 94%.
One of the world’s largest cryptocurrency exchanges FTX Collapse
Crypto exchanges allow customers to buy and sell cryptocurrencies
FTX’s founder, Sam Bankman-Fried worth $16bn to zero within 1 days
FTX nearly collapsed because they faced a “liquidity” issue.
Sam Bankman Fried then apologized to investors and users from his twitter account.
Sam told that everyone's money will be recovered in the coming 5 years.