FTX founder Sam Bankman-Fried insisted Tuesday that he was unaware that $8 billion of customer money had disappeared until just before his crypto exchange collapsed.
As both the prosecution and defense rested in the criminal fraud case against him in federal court in Manhattan. Bankman-Fried said he had long stepped away from day-to-day decision-making at FTX’s sister firm Alameda Research which is accused of squandering the missing money on risky investments.
“In…
Read the full article here
