Sam Bankman-Fried scored meeting with top regulator, tried to win influence before FTX's collapse: Emails

Posted on AllSides March 19th, 2023
From The Right

Disgraced ex-cryptocurrency kingpin Sam Bankman Fried and his since-bankrupt company FTX scored a meeting with a top regulator and sought to sway them to adopt industry-friendly rules months before the exchange's historic collapse, emails show.

In May 2022, FTX pitched the Federal Deposit Insurance Corporation on why it was apparently poised to be a "superior" cryptocurrency exchange and was swiftly granted a meeting with its chairman, Martin Gruenberg, according to emails obtained by the watchdog Protect the Public's Trust and shared with the Washington Examiner.

“It seems that Sam Bankman-Fried and his colleagues at his failed firm FTX...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right