According to the Bloomberg Billionaires Index, crypto billionaire Sam Bankman-Fried may no longer be able to call himself a billionaire after his wealth dropped by 94% overnight.
Bankman-Fried used to be at the top of Bloomberg’s wealth index. At his peak, his estimated net worth was $26 billion. But the cryptocurrency business owner is no longer in the top 500.
Related: As the Binance-FTX deal cools the market, cryptocurrencies try to stay steady.
