For federal prosecutors, Sam Bankman-Fried could be the gift that keeps on giving.
and charged with perpetrating one of the biggest frauds in U.S. history — and he’s still talking, either in person or on the internet.
Before its collapse, FTX was the world’s second-largest crypto exchange and Bankman-Fried, 30, was its CEO and a billionaire several times over, at least on paper. Celebrities and politicians alike vouched for FTX and its founder, and Bankman-Fried was considered a leading figure in the crypto world.
In interviews and Twitter posts, Bankman-Fried has said he never intended to defraud anyone. He’s maintained that running FTX took up all his time and that he was unaware of the financial problems at the hedge fund until it was too late. Another claim made often by Bankman-Fried is that he’s trying to help recover funds for FTX customers, but that FTX’s new management has cut him off and has taken steps, including filing for bankruptcy protection, that could inhibit customers from getting their money back.
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