Sure, it could not sound just like the spiciest headline, however Sam Bankman-Fried is in a bizarre place to be beginning a Substack. He’s going through as much as 115 years in jail if he’s convicted of federal fraud and conspiracy fees. And but the embattled founding father of collapsed crypto change FTX – who pleaded not responsible and is out on a $250 million bond whereas awaiting trial – figured it’d be an amazing concept to put in writing about his perspective on the saga in a Substack publication.
In his first put up, concerning the collapse of FTX International, Bankman-Fried (aka SBF) claims “I didn’t steal funds, and I certainly didn’t stash billions away.” SBF notes that FTX US (which serves prospects in America) “remains fully solvent and should be able to return all customers’ funds.” However, he doesn’t point out that FTX co-founder Zixiao "Gary" Wang and former Alameda Research CEO Caroline Ellison pleaded responsible to fraud fees and are cooperating with prosecutors.
– Mat Smith
The Morning After…
2023-01-13 07:15:24
Original from www.engadget.com
