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He’s currently hiding out in the Bahamas, where FTX, the crypto exchange platform he founded, has a number of lavish penthouses.
Amphetamines and partner-swapping appear to be par for the course inside SBF’s luxurious penthouse in the Bahamas.
If you had lots of money invested in FTX via the various cryptocurrencies on offer, you’re almost certainly going to end up out of pocket.
It’s never a good sign when your public unravelling is described as “one of history’s greatest-ever destructions of wealth”.
The past seven days have been total and utter carnage in the crypto world. At the centre of it all is crypto exchange FTX and its now former CEO, Sam Bankman-Fried.
Dubbed ‘Crypto’s white knight’ after he repeatedly bailed out rivals who had landed themselves in trouble, the man known as SBF watched his wealth crash and burn.