Sam Bankman-Fried once promoted his FTX digital coin exchange as a safe way for regular people to get into cryptocurrency.
The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.File - Sam Bankman-Fried leaves Manhattan federal court in New York on Feb. 16, 2023.
U.S. Attorney Damian Williams, who is overseeing the prosecution, has called it one of the biggest frauds in the country’s history.Jury selection opens in terrorism trial of extended family members dating to 2018 New Mexico raidIn interviews and social media posts, Bankman-Fried has acknowledged making huge mistakes while running FTX but insisted he had no criminal intent.
“I didn’t steal funds, and I certainly didn’t stash billions away,” he said in a post earlier this year on the online platform Substack.
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