Crypto guy loses billions

crypto guy loses billions

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Here's what experts say. Power Players Charlie Munger said there was no 'secret' to his success-here's how he made it of collapse.

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RUIN: Money, Ego and Deception at FTX
Bankman-Fried was worth more than $20 billion and hailed as a rare good guy in the freewheeling crypto industry, his face plastered on. Sam Bankman-Fried: 'Crypto genius' who lost $ billion in a single day. Bankman-Fried vanished from the Bloomberg Billionaires Index after. Crypto's biggest losers: 5 billionaires who lost the most in � Sam Bankman-Fried's net worth took a US$23 billion hit, but Brian Armstrong.
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That means crypto's value solely depends on what someone is willing to pay for it, which is why its price can be subject to erratic fluctuations and dips. It was reported earlier this month that billions of dollars in consumer deposits had been lost. ET Explains.