“I didn’t steal funds, and I certainly didn’t stash billions away,” Sam Bankman-Fried wrote in a lengthy new Substack post Thursday giving his take on what happened to FTX and Alameda. By NelWang
He denied stealing funds and claimed FTX and sister company Alameda Research collapsed because of the crypto market meltdown and inadequate hedging on Alameda’s part.
“I didn’t steal funds, and I certainly didn’t stash billions away,” Bankman-Fried wrote. Later in the post, he concluded that “Alameda lost money due to a market crash it was not adequately hedged for.” While alleging the trading firm"failed to sufficiently hedge its market exposure," he also said he"hasn't run Alameda for the last few years."
Bankman-Fried faces numerous federal charges including conspiracy to commit fraud and is now free on bail at his parents’ home in California. He has pleaded not guilty to the charges, but his lieutenant and Alameda chief Caroline Ellison
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
FTX's Sam Bankman-Fried poured $20M into VC fund Paradigm: reportFTX's Sam Bankman-Fried put $20 million into a big VC fund that then took a stake in the crypto exchange right back
Leer más »
Sam Bankman-Fried says he didn't steal FTX fundsIn a blog post published Thursday, the former FTX CEO tried to explain the collapse of his crypto empire and reiterated that he thinks the company could still be saved.
Leer más »
Key FTX executive Nishad Singh met with prosecutors: reportSeveral major FTX executives have already flipped on Sam Bankman-Fried.
Leer más »
Sam Bankman-Fried Reportedly Lived in Astonishing OpulenceSBF reportedly used FTX money to support a lavish lifestyle for himself and his inner circle, spending tens of millions on luxury housing, hotels, and food.
Leer más »
Sam Bankman-Fried says he survived on jar of peanut butter in Bahamas jail“I spent a while trying to see how far a jar of peanut butter could get me,” Bankman-Fried told Puck News.
Leer más »