SBF isn't having trouble sleeping at night after FTX's collapse

https://www.businessinsider.com/sam-bankman-fried-no-trouble-sleeping-ftx-bankruptcy-crypto-report-2022-11

SBF reportedly said he isn't having trouble sleeping at night after FTX's collapse

Last week, Sam Bankman-Fried saw 94% of his wealth evaporate in the span of a few hours, but the disgraced former darling of the crypto world has apparently not lost any shut-eye over the collapse of his empire.

"You would've thought that I'd be getting no sleep right now, and instead, I'm getting some," Bankman-Fried said in an interview with the New York Times on Sunday. 

Bankman-Fried, whose company FTX was considered one of the most reliable cryptocurrency exchanges, filed for bankruptcy last Friday after the company unsuccessfully searched for an investor to bail it out of a liquidity crisis caused by investors flooding to pull money out of their accounts. 

Bankman-Fried and other FTX executives are facing several investigations in the US and the Bahamas for allegedly improperly using billions of dollars of FTX customer money to fund Bankman-Fried's trading firm, Alameda Research.

"It could be worse," Bankman-Fried told the New York Times.  

FTX did not immediately respond to comment for this story. 

Bankman-Fried famously covets his sleep. Many profiles of the former richest man under 30 noted that he kept a beanbag in his office to take power naps between meetings. 

Bloomberg reported that Bankman-Fried would occasionally delay important meetings in favor of a nap.