Sam Bankman-Fried was last spotted on TikTok, running towards an apartment block in Nassau. Like many cash-strapped 30-year-olds, he’s moved back in with his parents. Albeit, couch-surfing at one of the 19 properties that they — Stanford law professors, specialising in tax law — had bought in the Bahamas with $121 million (£100 million) of his failed FTX crypto exchange’s money.
A “substantial amount” of FTX’s assets “have either been stolen or are missing”, an attorney told the Delaware bankruptcy court on Tuesday. “Unfortunately, the FTX debtors were not particularly well run, and that’s an understatement.”
Since the exchange filed for bankruptcy, plummeting from a valuation of $32 billion to $8 billion (£6.5 billion) in debt, shockwaves have spread through the world of finance. What
