Sam Bankman-Fried, the former CEO of cryptocurrency giant FTX, denied knowing “that there was any improper use of customer funds” but said, “a lot of people got hurt, and that's on me.'
Sam Bankman-Fried, the former CEO of cryptocurrency giant FTX, denied knowing “that there was any improper use of customer funds” but said, “a lot of people got hurt, and that's on me."
FTX filed for bankruptcy in November after cryptocurrency rival Binance pulled out of a deal to acquire the company amid a liquidity crunch. The deal failed when Bankman-Fried chose to withhold the FTX’s U.S. operation from the acquisition. “I was vaguely aware that that was how some wires were being sent in the first place,” Bankman-Fried said, to which Stephanopoulos asked, “Didn’t that set off alarm bells in your head?”
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