Today news
About the same in other media
'I didn't steal funds': 10 quotes from Sam Bankman-Fried's blog on FTX crash
Reading now: 361
Sam Bankman-Fried, the fallen founder of cryptocurrency platform FTX, said he did not steal money and blamed the collapse of his now-bankrupt FTX exchange on other factors. In a blogpost, he said the FTX US remains fully solvent and that it should be able to return all customers’ funds.
Lawyers handling the bankruptcy of FTX said they had recovered $5 billion in assets in their efforts to salvage funds from the firm. The 30-year-old lost his billionaire status overnight last November as his personal wealth plummeted nearly 94 per cent to $991.5 million in a single day.
The fall in his fortune came after he announced that his crypto exchange was being bought by rival Binance. Binance later pulled out of the deal.
. Read more on moneycontrol.comAbout this in other media
US Judge: Sam Bankman-Fried Attempted to Influence Witness via Encrypted Messenger App cryptonews.com /1 year ago
Federal Prosecutors Seize Sam Bankman-Fried Assets Worth $700m, Including Silvergate Bank Accounts cryptonews.com /1 year ago
Bankman-Fried assets of almost $700 million may be forfeited in FTX scam moneycontrol.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
