The implosion of cryptocurrency platform FTX saw the net worth of Democrat mega-donor and FTX founder Sam Bankman-Fried plummet in what on the Bloomberg Billionaires Index was its biggest single-day wealth plunge for a billionaire.
FTX declared bankruptcy on Nov. 11 after facing a massive liquidity crunch when users rushed to pull out their money.
Bankman-Fried, who in a series of posts on Twitter apologized for the fiasco and said he was “shocked to see things unravel the way they did,” resigned as FTX chief executive on Friday.
Just five days prior to Friday’s FTX meltdown, Bankman-Fried was estimated to have had a net worth of $15.6 billion, according to the Bloomberg Billionaires Index….