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'I didn't steal funds': 10 quotes from Sam Bankman-Fried's blog on FTX crash
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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
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