Sam Bankman-Fried says he 'didn't ever try to commit fraud'

Posted on AllSides November 30th, 2022
From The Center
FTX/Handout via REUTERS/File Photo

Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestion of fraud in his first public appearance since his company's collapse stunned investors and left creditors facing losses totaling billions of dollars.

Speaking via video link at the New York Times' Dealbook Summit with Andrew Ross Sorkin on Wednesday, Bankman-Fried said he did not knowingly commingle customer funds on FTX with funds at his proprietary trading firm, Alameda Research.

"I didn't ever try to commit fraud," Bankman-Fried said in the hour-long interview,...

Read full story

Reuters

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
111470/86485
See full bias rating for Reuters
Learn about media bias
https://www.reuters.com/technology/sam-bankman-fried-says-he-didnt-ever-try-commit-fraud-2022-11-30/

More News about Business from the Left, Center and Right

From the Left

From the Center

From the Right