FTX Collapse: Bankman-Fried Will Receive Zero Dollars

By Luc Olinga The founder of the bankrupt cryptocurrency exchange lost his entire fortune. On the morning of November 8, Sam Bankman-Fried, founder and CEO of FTX and Alameda Research, a hedge fund that also trades in cryptocurrencies, was a billionaire. He was one of the richest men in the world. The 30-year-old former trader was the institutional face of the crypto space, nicknamed “SBF” by his initials. He was simply the king of the fledgling blockchain-based financial services industry. Bankman-Fried was a god in the crypto sphere. He had amassed this immense power, in large part by rescui…