FTX's CEO Sam Bankman-Fried Loses Entire Fortune in One Day

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Sam Bankman-Fried, a 30-year-old crypto expert, has always been considered an expert and a sort of guru within the crypto sphere. 

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However, on November 8th, he won't be able to forget how that day changed everything.

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He saved crypto firms during a credit crunch caused by the sudden collapse of the cryptocurrencies Luna and UST or TerraUSD. 

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Last year, he said that his FTX could eventually swallow CME Group Inc. or Goldman Sachs Group Inc. 

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He is also an investor in Robinhood Markets Inc., raising speculation that he may take over the company.  

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Binance takes over FTX in a liquidity crunch, and SBF's $15.6 billion fortune is likely to be annihilated. 

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Bankman-Fried's empire is being bought by Changpeng Zhao and his company Binance. 

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