From $32 billion to zero in seven weeks

[Daily Investor]

From $32 billion to zero in seven weeks

In September, Sam Bankman-Fried was set to raise $1 billion at a valuation of $32 billion for his crypto firm FTX. Seven weeks later, the firm is facing bankruptcy.

 

[PaulGherkin]

Wow... for a moment I thought the article was about Eskom...

 

[KleinBoontjie]

Wow... for a moment I thought the article was about Eskom...

Still to come, just watch this space. That US and UK money is not here yet.

 

[Pak Fa Fui]

From $32 billion to zero in seven weeks

In September, Sam Bankman-Fried was set to raise $1 billion at a valuation of $32 billion for his crypto firm FTX. Seven weeks later, the firm is facing bankruptcy.

So he got Fried
Did the Bankman get Fried
Is this real news

 

[Hamster]

It's only worthless if you sell! 1 FTX is 1 FTX!!!!!!!