The Jet of Sam Bankman-Fried (30), founder of one of the largest cryptocurrency exchanges, landed in San Fernando this Saturday. His company went bankrupt yesterday.
Sam Bankman-Fried (30), the cryptocurrency guru who owned – until yesterday – the FTX exchange platform, is the most wanted man of the moment after losing a fortune of 17 billion dollars in just one week. After resigning from his company, his whereabouts are a mystery. One who had a local leg, since his private jet arrived in Argentina on a mysterious flight which landed this Saturday in San Fernando.
The Gulfstream G450 license plate LV-KEB landed this Saturday at the San Fernando airport, according to data recorded on the FlightRadar24 platform, which tracks all flights globally live. During Friday night, it was the most followed plane on the entire website. Everyone wanted to know where the man whose money had evaporated from his hands was going.
However, his whereabouts remain a mystery. As she was able to confirm Clariononly his aircraft arrived in Argentina. Bankman-Fried was not on board the aircraft.
Bankman-Fried had a lousy week. His company went bankrupt and lost an astronomical fortune in the wild and volatile crypto market: He literally went from having 17 billion dollars to just $1 USD. The FTX platform, which he had founded, filed a bankruptcy proceeding in the United States this Friday that even led to his resignation.
The 30-year-old Californian apologized before leaving. “I’m sorry, I should have done better.”Said the businessman on Twitter, who until last week was considered almost an evangelist by fans of cryptocurrencies.
The fall of FTX and the uneventful departure of Sam Bankman-Fried had scandalous aspects and punished most crypto assets, like bitcoin, which lost more than 20% of its value in the last week.
According to Forbes magazine, Bankman-Fried had assets of $17 billion. in March of this year. however, last Sunday doubts about FTX’s solvency began to filter through, causing a mass stampede of savers who wanted to withdraw their assets. It is estimated that in just one day they withdrew 5,000 million dollars in crypto.
In a statement, FTX assured that the bankruptcy declaration is the appropriate measure to manage the company’s assets and protect the interests of its shareholders.
The process will affect some 130 affiliated companies, including its investment firm Alameda Research, but not affiliates 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 headquartered, freeze the assets of the group and take the first steps to appoint a person in charge of liquidating one of their entities.
FTX landed in the Bahamas in 2021 from Hong Kong, where it had started operations and established itself as one of the most successful platforms in the cryptocurrency sector.
The FTX situation was further complicated on Wednesday, when Binance – the world’s leading currency exchange platform – announced that it was withdrawing the purchase offer which he had announced a day before, when he had offered to come to his rival’s support.
“Our intention at first was to support FTX customers in their search for liquidity, but the matter is beyond our control and ability to assist,” Binance said in a statement.
And they added: “In recent years we have seen that the cryptocurrency ecosystem is becoming more resilient And we believe that, over time, the free market will weed out companies that misuse user funds.”
The movement caused a new crash of FTT, the digital asset of FTX, and sharp falls in the entire cryptocurrency market, just a year after bitcoin – the most important cryptocurrency – reached its all-time high.
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