Anna Sorokin: Sam Bankman-Fried Apology Was Insincere

The US House Financial Services Committee is holding a FTX hearing on December 13.
FTX co-founder stated that he would review the downfall of cryptocurrency exchange.
Venture Capitalist Tim Draper’s predictions on Bitcoin

Russian-born scam artist Anna Sorokin, upon whom the hit Netflix series “Investing Anna”, is made, commented on the recent Sam Bankman-Fried media apology ‘tour.’ The convicted scammer believes the former FTX CEO’s apology was insincere. Anna was in prison for three years for scamming $270,000 from banks, luxurious hotels and the people of New York.

Anna said that “he is just trying to save himself. That would be his defense if he is going to get prosecuted. I didn’t know Almeda was overleveraged.”

Ever since FTX filed for bankruptcy, the Securities and Exchange Commission (SEC) and other regulators have been investigating the exchange, including regulatory authorities in the Bahamas, Turkey’s Financial Crimes Investigation Agency and other United States federal authorities.

To unearth the mess that led to the sudden collapse of the once third-largest crypto exchange, the US House Financial Services Committee is holding a hearing on December 13, and the next court hearing will be on December 16. On Sunday, Sam Bankman-Fried stated that he would appear at hearings before he had to review the exchanges.

The former FTX CEO stated, “once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee hearings.”

According to The Coin Republic, SBF’s hedge fund Alameda Research purchased FTT tokens at a very low price. The entity waited a long time for the price of FTT tokens to rise. When FTT prices shot up, Alameda started borrowing “real money” using these highly leveraged FTT tokens as collateral.

Newly appointed FTX CEO John Ray said in last month’s filing that “in his 40 years of legal and restructuring experience, had never seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”

Tim Draper Predicted That Bitcoin Will Reach $250,000 (USD) Despite FTX Bankruptcy

Recently the popular Venture Capitalist Tim Draper predicted that one of the leading cryptocurrencies, Bitcoin, will reach $250,000 (USD) by the middle of June 2023. As per today’s CoinMarketCap data, the major leading cryptocurrencies, Bitcoin and Ethereum, have shown a price rise. Bitcoin rose to 2.7% and currently trades at $17,360 (USD). And the second largest cryptocurrency, Ethereum, rose to 6.7%, trading at $1,301 (USD).