This week we saw the wealth of crypto executive Sam Bankman-Fried drop by 95% from a previous high of nearly $25 billion to less than $1 billion, while it appeared that his trading firm, FTX, turned out to be a Ponzi scheme and customer funds had been raided to fill a huge hole at his trading firm Alameda Research.
It appears that he may have fled the Bahamas for Argentina during the night, after remaining customer funds at the bankrupt exchange had their wallets drained to zero.