Alameda Research was given outsized borrowing limits compared with other clients of FTX, according to a Financial Times interview with Sam Bankman-Fried.
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An Interviewer Asked Sam Bankman-Fried If He'd Been Honest and His Answer Was BizarreFormer FTX CEO Sam Bankman-Fried is speaking out, and he's sort of, kind of, taking responsibility — but also not really?
Source: futurism - 🏆 85. / 68 Read more »
Why the World Fell for Sam Bankman-FriedDespite ample reasons to be skeptical of cryptocurrency schemes, the notion of the eccentric genius accomplishing extraordinary things was irresistible. You do know the BTC whitepaper was published in 2009 right Was it the name? Well, it has nothing to do with technology, what he did was something criminal to steal people’s money!
Source: WIREDBusiness - 🏆 68. / 68 Read more »
Why Hasn’t Sam Bankman-Fried Been Arrested Yet?DOJ prosecutors cannot simply indict people based on what they read in the press, no matter how damning it may seem. Ankush Khardori writes that those eager to see Sam Bankman-Fried charged with serious financial crimes will just have to be patient You don’t need to be a criminal mastermind to commit fraud. The “idiot” or “I made a mistake” defence he seems to want to portray won’t hold up. Sam and the rest need to be prosecuted. The process may take time but it will happen. FTX in other words… he’s politically connected
Source: NYMag - 🏆 111. / 63 Read more »
Rep. Waters: Sam Bankman-Fried should bring 'candid' FTX discussions to CongressRep. Maxine Waters would 'welcome' Sam Bankman-Fried's participation in an upcoming FTX hearing. 🤡🌎 She is such an absolute embarrassment. Anyone who supports someone like this politically simply isn't paying attention.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Semafor Puts Its Sam Bankman-Fried Investment in the Gov’s HandsThe decision came after the FTX founder’s investment in the fledgling outlet came under heavy scrutiny.
Source: thedailybeast - 🏆 307. / 63 Read more »
Sam Bankman-Fried claims he ‘misaccounted’ $8 billion in FTX fundsSBF said he was “real lazy about this mental math” while running FTX into bankruptcy. Oh no biggie. I’m sure he’ll find it in the wash somewhere. But not miscounted funds into his own account. Funny that. He can have a bright future in the pentagon with his financial management skills.
Source: nypost - 🏆 91. / 67 Read more »