Fri. Apr 3rd, 2026

Crypto Billionaire Bankman-Fried Loses Entire Fortune In One Day

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[THESTREET] The young 30-year-old billionaire was just before that day considered the tutelary figure of the crypto sphere. A sort of godfather to turn to when things go wrong. 

He owed this image to his tour de force during the summer to bail out and save crypto firms struggling due to a credit crunch caused by the sudden collapse of the cryptocurrencies Luna and UST or TerraUSD,  two tokens issued by the Terraform Labs platform.

The fall of these two tokens hit hedge fund Three Arrows Capital, also known as 3AC, which found itself unable to honor its payments to crypto lenders, including Voyager Digital and Celsius. [FULLSTORY]

YOUR MONEY | A Deep Dive Look Into Cryptocurrency – How To Get Started The Known Risks And The Potential Rewards


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