{"id":170368,"date":"2021-02-04T07:10:12","date_gmt":"2021-02-04T04:10:12","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sbf-says-hes-amassed-a-10-billion-fortune-in-just-three-years-in-crypto\/"},"modified":"2021-02-04T07:10:12","modified_gmt":"2021-02-04T04:10:12","slug":"sbf-says-hes-amassed-a-10-billion-fortune-in-just-three-years-in-crypto","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sbf-says-hes-amassed-a-10-billion-fortune-in-just-three-years-in-crypto\/","title":{"rendered":"# SBF says he&#8217;s amassed a $10 billion fortune in just three years in crypto"},"content":{"rendered":"<p>&#8220;<strong># SBF says he&#8217;s amassed a $10 billion fortune in just three years in crypto  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvMjgzMjY3N2UtNTc3Zi00NzE0LWFiNjEtMTQ0ZDczY2I0MWFmLmpwZWc=.jpeg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Alameda Research and FTX exchange founder Sam Bankman-Fried has amassed a fortune, mostly via crypto assets over the past few years according to New York Magazine.<\/p>\n<p>SBF, as he is known in crypto circles, spoke to the publication about his journey into the crypto industry since 2018. During the interview he estimated his own net worth at $10 billion, mostly in illiquid assets.<\/p>\n<p>The former Wall Street quant trader got into crypto trading in 2018 after noticing significant arbitrage opportunities, and worked out a way to take advantage of the \u2018Kimchi premium\u2019 which was the difference in Bitcoin price between Korea and the rest of the world.<\/p>\n<p>He ended up in Japan due to restrictions in Korea and moved up to $25 million per day through inter<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>ries and local banks at the height of the price discrepancy, the<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/nymag.com\/intelligencer\/2021\/02\/sam-bankman-fried-biden-donor.html\"> report<\/a> says. <\/p>\n<p>His crypto empire, under the umbrella of Alameda Research, currently turns over $2 billion per day meaning it has significant market power. SBF currently focuses on developing the FTX crypto derivatives exchange and DeFi project Serum based on the Solana blockchain. <\/p>\n<p>In January the FTX Token (FTT) rallied over 100% as the exchange surpassed BitMEX and Deribit&#8217;s open interest. It is currently just cooling off from an all-time high of $13.60.<\/p>\n<p>SBF came to mainstream media attention last year after making a $5.2 million donation to Joe Biden\u2019s political election campaign in November \u2014 the top contributor after billionaire Michael Bloomberg. The transaction he claims says was motivated by the Biden team\u2019s \u201cgeneric stability and decision-making process\u201d. FTX, which recently created a Wall Street Bets index including GME, AMC, and DOGE, also offers prediction markets and over $100 million in bets were placed on the exchange on election night.<\/p>\n<p>A self-confessed workaholic, SBF compares his own memory to computer RAM;<\/p>\n<blockquote><p>\u201cOne side advantage of the bean bags: if I sleep in the office, my mind stays in work mode, and I don&#8217;t have to reload everything the next day.\u201d<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">7) I&#8217;m (in)famous for playing League of Legends while on phone calls.<\/p>\n<p>I&#8217;ll also try to avoid restarting my RAM if possible.<\/p>\n<p>One side advantage of the bean bags: if I sleep in the office, my mind stays in work mode, and I don&#8217;t have to reload everything the next day. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/AKlQm7wneI\">pic.twitter.com\/AKlQm7wneI<\/a><\/p>\n<p>\u2014 SBF (@SBF_Alameda) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SBF_Alameda\/status\/1357123557122187265?ref_src=twsrc%5Etfw\">February 4, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/sbf-says-he-s-amassed-a-10-billion-fortune-in-just-three-years-in-crypto\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# SBF says he&#8217;s amassed a $10 billion fortune in just three years in crypto &#8221; Alameda Research and FTX exchange founder Sam Bankman-Fried has amassed a fortune, mostly via crypto assets over the past few years according to New York Magazine. SBF, as he is known in crypto circles, spoke to the publication about&#8230;<\/p>\n","protected":false},"author":1,"featured_media":170369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvMjgzMjY3N2UtNTc3Zi00NzE0LWFiNjEtMTQ0ZDczY2I0MWFmLmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74868,4965],"class_list":["post-170368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-defi","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/170368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=170368"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/170368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/170369"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=170368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=170368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=170368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}