- Sam Bankman-Fried said he has "no idea" the status of his personal finances after FTX's collapse.
- "I had $100,000 in my bank account last I checked," the former CEO told Axios.
Sam Bankman-Fried, the former $4, is down to his last $100,000 after $4, he told $4 on Monday.
The investor and founder of FTX took a massive hit in early November when the bulk of his net worth $4 following news that $4
Bankman-Fried told Axios that he had "no idea" what the state of his personal finances was after the collapse."Am I allowed to say a negative number?" he told the outlet. "I mean, I have no idea. I don't know. I had $100,000 in my bank account last I checked."
Bankman-Fried said "everything" he had was tied up in the now-failed company, making his financial situation "complicated."
$4 and Bankman-Fried resigned as CEO on November 11, after the company failed to secure a rescue following an intense week-long liquidity squeeze. $4 reported on the same day $4 billions of dollars of client funds to Bankman-Fried's Alameda Research.
The US Securities and Exchange Commission and the Department of Justice are $4 the collapse of FTX. Bankman-Fried was also $4 by the Bahamian police on November 12.
$4, citing a combination of $4 on FTX's books and high customer withdrawals as contributing factors.
Bankman-Fried told Axios that regulation and proper oversight may have prevented the swift breakdown of FTX. But he ultimately acknowledged his role in the fiasco.
"I wish I'd been more careful... I obviously deeply regret this. I've been focusing on volume, rather than positions for balances," he told the outlet. "I should have been more responsible, and I should have been more on top of what was going on."
Bankman-Fried's finances, lifestyle, and sponsorships have come under intense scrutiny amid the collapse of FTX. While he$4 a simple lifestyle including cruising around in a Toyota Corolla and practicing effective altruism, he also channeled money into high-profile corporate sponsorships including naming rights for Miami Heat's arena.