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BankmanFried, bankrupt, breaks, Business, crypto, firm, founder, FTX, locked, News, Sam, savings, silence, thousands
Founder of bankrupt crypto firm FTX Sam Bankman-Fried breaks his silence, with thousands locked out of savings | Business News
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A crypto entrepreneur says his net worth has fallen from more than $26bn to $100,000 after his company imploded. Sam Bankman-Fried admitted it has been a “bad month” after FTX collapsed into bankruptcy, leaving thousands of people frozen out of their savings. The 30-year-old, who once positioned himself as a saviour for stricken firms, has…
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Founder of bankrupt crypto exchange FTX denies he has fled to South America | Science & Tech News
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The former chief executive of one of the world’s biggest cryptocurrency exchanges has denied he fled to South America after firm filed for bankruptcy. FTX founder Sam Bankman-Fried was asked by Reuters about Twitter speculation he had flown to Argentina and responded in a text message: “Nope.” The 30-year-old, who has been removed as chief…