Sam Bankman-Fried has said he did not steal money and blamed the collapse of his now-bankrupt FTX exchange on a broad crash in cryptocurrency markets, in a highly unusual blog post, a month after his arrest on US fraud charges.Federal prosecutors in Manhattan in December said Bankman-Fried stole billions of dollars from FTX customers to pay debts for his cryptocurrency-focused hedge fund, Alameda Research, buy lavish real estate, and donate to US political campaigns.He has pleaded not guilty. The Substack blog post – a rare public statement by a US criminal defendant – amounts to a preview of the defence case Bankman-Fried may present when his trial begins on October 2.
Load More
Load More