FTX founder Sam Bankman-Fried denies stealing person funds and repeats claims of solvency in new write-up

Critical Details

FTX co-founder Sam Bankman-Fried denied federal allegations that he misappropriated $8 billion in purchaser belongings, months ahead of his federal demo on fraud, money laundering and campaign finance fees.
Bankman-Fried recurring a number of statements that personal bankruptcy officers and federal regulators have denied or contradicted, together with that FTX US stays solvent and that the collapse of his hedge fund Alameda Exploration was owing to broader sector turbulence.
The 30-calendar year-old’s New York federal demo will begin in October.

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Finance

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