Democrat megadonor Sam Bankman-Fried’s troubles appear to be mounting.
On Election Day, he lost nearly 94% of his estimated $15.6 billion fortune. On Friday, his crypto exchange FTX, once assigned a value of $32 billion, fired him as CEO and filed for bankruptcy.
Advertisement
In addition to investigations by the Securities and Exchange Commission and the Justice Department, Bankman-Fried now also faces questions about why $1 billion of customer funds appear to be unaccounted for.
Join the conversation as a VIP Member