The bitcoin market is a strange environment since individuals try to purchase items that exist only in the digital world. Many have lost their investments and fortunes, either while investing or by running companies that are completely dependent on the value of such highly volatile assets. The latter was the case in the downfall of the firm, FTX, and its founder, Sam Bankman-Fried.
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After he lost his wealth following the crash of the crypto market, it has been revealed that he wasn’t successful in his favorite video game either: The League of Legends. A recent report shows that he has been getting a consistently low scores in the game in more than 1000 matches.
The former FTX CEO Sam Bankman-Fried is a poor League of Legends player!
In a recent report by the Financial Times, the news of Bankman-Fried playing League of Legends during crypto meetings was discarded completely. However, they shared some screenshots of him playing the game using other accounts, and apparently, he was very average in the game.
“It appears that in June 2021, SBF changed his name to incorporate TSM (Team SoloMid), a long-standing American league team, which FTX also sponsors,” wrote Financial Times. “There are “TSMFTX SBF” accounts on the North American, Korean, and Japanese servers.” Thus, in the stats, it can be seen that the FTX CEO reached Bronze Tier II and remained there despite playing more than 1000 matches.
READ MORE: $15.6 Billion Man and FTX CEO Lands in Troubled Waters Over Massive League of Legends Controversy
Financial Times further wrote, “There’s no clear pattern here: as you would expected for an appropriately low-ranked player,” further writing, “SBF maintained average-to-bad win ratios with his top champs.”
What did the CEO of FTX do?
FTX, a lending crypto exchange company, filed for bankruptcy recently as crypto customers took out their investments. This started a domino effect as soon the Former CEO of FTX Sam Bankman-Fried noticed that the company is losing millions of dollars per minute. After which it was reported that the Former FTX CEO has illegally taken about $10 billion for other investments.
Soon it was public knowledge that the company had lost all its assets and was filing for bankruptcy. This was rather horrifying as Bankman-Fried lost almost all his wealth and went from approximately $16 billion toalmost nothing.
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WATCH THIS STORY: Best league of legends players in the world
What do you think about the downfall of FTX? Let us know in the comments below.
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