Sam Bankman-Fried: ‘I didn’t protect shut funds, and I surely didn’t stash billions away’

Sam Bankman-Fried: ‘I didn’t protect shut funds, and I surely didn’t stash billions away’

© Reuters.

Used FTX CEO Sam Bankman-Fried has largely denied the allegations against him in a ‘pre-mortem overview’ of the crypto exchange’s insolvency.

In a Jan. 12 post on Substack, Bankman-Fried claimed there used to be a route ahead for purchasers of clear companies below the FTX umbrella to be made entire following the company’s financial extinguish. According to the earlier CEO, FTX US had been “absolutely solvent” on the time the company filed for Chapter 11 financial extinguish, with roughly $350 million in cash out there.

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