FTX Collapse: Bankman-Fried Has 2 Golden Chances to Defend Himself

Sam Bankman-Fried, the fallen founder of bankrupt cryptocurrency exchange FTX, is currently one of the world’s most hated people. 

On social networks many are calling for him to be sent to jail after his empire’s abrupt bankruptcy on Nov. 11. 

On Nov. 7, four days before the bankruptcy of FTX and its sister company Alameda Research, a hedge fund that also acts as a trading platform, Bankman-Fried said that everything was fine and that the assets were “fine.”

This statement from the man known in the crypto space as SBF was badly received by millions of FTX customers and investors who do not know if they will be able to recover even some of their money. FTX owes at least $3 billion to its top 50 creditors, according to court documents.

Source: https://www.thestreet.com/investing/cryptocurrency/ftx-collapse-bankman-fried-has-2-golden-chances-to-defend-himself?puc=yahoo&cm_ven=YAHOO&yptr=yahoo