News Formal

FTX founder Sam Bankman-Fried is a 'pathological liar' who misled the public, congressman says | Business Insider

  • 📰 BISouthAfrica
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

FTX founder Sam Bankman-Fried is a 'pathological liar' who misled the public, congressman says.

Business Insider USSam Bankman-Fried is escorted out of the Magistrate Court building after his arrest, in Nassau, the Bahamas, on December 13. The disgraced founder"misled the public" when he claimed FTX had enough assets to cover its liabilities, according to Torres. For more stories, go toCongressman Ritchie Torres described Sam Bankman-Fried as a"pathological liar" after mishandling billions in customer funds.

The exchange filed for bankruptcy protection last month after losing $8 billion of customer deposits. Once a Coindesk A slew of reports have since revealed that Bankman-Fried knowingly used customer deposits to make risky bets via Alameda and even

 

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

 /  🏆 34. in US

United States United States Latest News, United States United States Headlines

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

Sam Bankman-Fried reportedly tried to use his vegan diet to get released from jail | Business InsiderSam Bankman-Fried, the disgraced founder of crypto exchange FTX, will remain held in a notorious Bahamas prison without bail.
Source: BISouthAfrica - 🏆 34. / 51 Read more »