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Coinmonks is a non-profit Crypto Educational Publication. Other Project —  & Email — [email protected]

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$11.3 Billion Stolen, Where Did They Vanish?

I piece together the puzzle of stolen billions as a victim of his fraud

5 min readDec 18, 2023

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Image created by Author using Picsart

From taking naps in a $30 million Bahamas penthouse to now shivering in a detention center bunk bed, Sam Bankman-Fried . He used to have a net worth of $32 billion, but now he has a shocking net worth of $0, leaving millions wondering.

Where did the staggering $11.3 billion he stole from families’ savings go?

The Context Behind The Trial

Sam Bankman-Fried was found guilty of eight counts of fraud, including wire-fraud and money-laundering. He deceived lenders with altered balance sheets and snatched customers’ funds from his crypto exchange for his personal use.

He stole my savings, too, so I tracked down where the money went.

$300 million in Vacation Homes in The Bahamas

Sam, his senior staff, and his parents , including seven condos in the gated community of Albany.

Coinmonks
Coinmonks

Published in Coinmonks

Coinmonks is a non-profit Crypto Educational Publication. Other Project —  & Email — [email protected]

Zelma Garza
Zelma Garza

Written by Zelma Garza

Mexican Living Abroad. Amateur writer about self-improvement, friendship, traveling, running, and anything else I learn

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