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FTX’s Sam Bankman-Fried says he didn’t know scale of bad Alameda bets
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fnlondon.comSam Bankman-Fried said that he didn’t intend to commit any fraud or use customer funds to back leveraged bets that went wrong at Alameda Research, a cryptocurrency hedge fund attached to FTX that pushed the exchange to bankruptcy.
Bankman-Fried, speaking at the New York Times DealBook Summit in New York, denied knowingly commingling customer funds to back his crypto trading operation and tried to deflect some of the blame for FTX’s collapse away from himself, saying he was surprised at the size of Alameda’s bets that went...
Read more on fnlondon.comAbout this in other media
'You can commit fraud in shorts and T-shirts in the sun,' says SDNY attorney on SBF indictment cointelegraph.com /1 year ago
CFTC files lawsuit against Sam Bankman-Fried, FTX, and Alameda for fraud cointelegraph.com /1 year ago
Breaking: Sam Bankman-Fried Arrested in The Bahamas Following Formal Notification by United States cryptonews.com /1 year ago
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