FTX.com comprises ~39% of SBF’s assets and will likely be worthless, affecting the value of FTX US and Alameda
How is this only 39% of his assets? Was Alameda really worth more than FTX.com, or is this 39% after the massive devaluation? Was he already a multi-billionaire before founding FTX?
From what I gather, Alameda wasn’t worth quite as much but he had a larger stake in it. Both appear to be worthless now. There is also a U.S. subsidiary ftx.us, which according to them “is a separate entity with separate management personnel, tech infrastructure, and licensing.” Some calculations I’ve seen put SBF’s net worth below $1 billion now and I think it’s probable that he’ll have to deal with some big legal issues.
How is this only 39% of his assets? Was Alameda really worth more than FTX.com, or is this 39% after the massive devaluation? Was he already a multi-billionaire before founding FTX?
From what I gather, Alameda wasn’t worth quite as much but he had a larger stake in it. Both appear to be worthless now. There is also a U.S. subsidiary ftx.us, which according to them “is a separate entity with separate management personnel, tech infrastructure, and licensing.” Some calculations I’ve seen put SBF’s net worth below $1 billion now and I think it’s probable that he’ll have to deal with some big legal issues.