Tough week at the office, honey?
/don’t jump
Crypto-currency king Sam Bankman-Fried has lost all his money
The loss is one of the greatest destructions of a net worth ever, Bloomberg reported:
The downfall of his crypto empire—which filed for bankruptcy on Friday along with his resignation—means assets owned by the mogul once likened to John Pierpont Morgan have become worthless.
At the peak, the 30-year-old was worth $26 billion, and he was still worth almost $16 billion at the start of the week.
Ouch.