Sam Bankman-Fried (30), the cryptocurrency guru who until yesterday owned the FTX exchange, is the world’s most wanted man after losing a $17 billion fortune in just one week. After he resigned from his company, his whereabouts are a mystery. One who had a local paw, ever since his private jet arrived in Argentina on a mysterious flight which landed this Saturday in San Fernando.
The Gulfstream G450 registration LV-KEB landed this Saturday at San Fernando Airport, according to data recorded on the FlightRadar24 platform, which tracks all flights globally live. On Friday night it was the most followed aircraft on the entire site. Everyone wanted to know where the man whose money had evaporated from his hands was going.
However, its whereabouts remain a mystery. How could you confirm clariononly his plane arrived in Argentina. Bankman-Fried was not on board the plane.
Bankman-Fried has had a terrible week. His company went bankrupt and he lost an astronomical fortune in the volatile and wild cryptocurrency market: It literally went from having $17 billion to just $1 USD. The FTX platform, which he founded, filed for bankruptcy proceedings in the United States on Friday which also led to his resignation.
The 30-year-old Californian apologized before walking away. “I’m sorry, I should have done better”the entrepreneur, who until last week was considered almost an evangelist by cryptocurrency fans, said on Twitter.
The fall of FTX and the messy departure of Sam Bankman-Fried had scandalous aspects and punished most cryptocurrencies, like bitcoin, which has lost over 20% of its value in the last week.
According to Forbes magazine, Bankman-Fried was worth $17 billion. in March of this year. however, last Sunday doubts about FTX’s creditworthiness began to creep in, prompting a mass flight of savers eager to withdraw their assets. It is estimated that they withdrew $5 billion in crypto in just one day.
In a statement, FTX assured that filing for bankruptcy is the appropriate measure to manage the company’s assets and protect the interests of its shareholders.
The trial will affect approximately 130 affiliates, including its investment firm Alameda Research, but not its subsidiaries Ledgerx.LLC, FTX Digital Markets, LTD, FTX Australia and FTX Express Pay.
The move was announced hours after authorities in the Bahamas, where FTX is based, freeze the group’s assets and take the first steps to appoint a liquidator of one of their entities.
FTX landed in the Bahamas in 2021 from Hong Kong, where it began operations and established itself as one of the most successful platforms in the cryptocurrency industry.
FTX’s situation was further complicated on Wednesday when Binance – the world’s leading currency exchange – announced the withdrawal of the purchase offer which he had announced the day before, when he had offered to come to support his rival.
“Our initial intention was to support FTX customers in its search for liquidity, but the matter is beyond our control and ability to help,” Binance said in a statement.
And they added: “In recent years we have seen the cryptocurrency ecosystem become more resilient. And we believe that, over time, the free market will eliminate companies that misuse user funds.”
The move caused another crash in FTT, FTX’s digital asset, and sharp declines in the entire cryptocurrency market, just one year after bitcoin – the most important cryptocurrency – hit its all-time high.
Source: Clarin
