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He owned a little over 50% of FTX, the incorporation. FTX was worth $32b at its peak. Hence, he was valued at $16b. It didn't have anything to do with FTT the t
by senttoschool 4y ago
He owned a little over 50% of FTX, the incorporation. FTX was worth $32b at its peak. Hence, he was valued at $16b. It didn't have anything to do with FTT the token.
- mudrockbestgirl 4y agoFTX, the corporation, is worth that amount mostly because of the FTT tokens on the balance sheet and the ability to print FTT tokens. If you take tokens out of the equation you'd probably arrive at a 10-20x lower valuation.