Sam Bankman-Fried speaks out for the first time since his arrest | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Sam Bankman-Fried, the former crypto star turned alleged white-collar criminal, has spoken out for the first time since his arrest last month

“I didn’t steal funds, and I certainly didn’t stash billions away,” he writes in a newly launched Substack. Bankman-Fried is under house arrest at his parents’ home in Palo Alto, California, while awaiting trial. He pleaded not guilty to multiple federal counts of fraud and conspiracy related to the collapse of his crypto empire.

In what he calls a “pre-mortem overview” of FTX’s collapse, Bankman-Fried reiterates claims he made in November after the crypto exchange filed for bankruptcy and before he was arrested. Among the key themes: Some of Bankman-Fried’s claims directly contradict allegations by US prosecutors that FTX customers funds were being siphoned to plug holes at Alameda in violation of FTX’s terms of service.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Interesting to hear SBF's take on the situation. DeFi is supercharging financial freedom, allowing people to access economic opportunities no matter their geography or financial situation. CryptoOn!

Really. Did he say that his parents boarded a boat destined for a 6 month excursion to the Seychelles?

CNN the voice box of criminals. How’s that creating equanimity between Democrats and Republicans going?

He didn’t use customers money to buy crypto, he spent it! Had the customers actually been buying crypto they would be ahead now! Yet he was writing anti-crypto legislation and this fiasco is used against crypto? Is he a CIA PsyOps operative? FTX didn’t buy crypto for customers!

We have a compromised corrupt POTUS and this is your big story? You're as guilty as Biden and his criminal family.

🆘EthnicCleansing ‼️‼️‼️‼️

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Serious Are Sam Bankman-Fried’s Alleged Campaign-Finance Violations?There have been plenty of cases of individuals trying to illegally conceal their political donations. What makes the Sam Bankman-Fried case different is that the money allegedly wasn’t his to give. Really 🤣🤣🤣🤣🤣🤣🤣 SBF has only been indicted for campaign finance violations to democrats. about? GFY
Source: NewYorker - 🏆 90. / 67 Read more »