Sam Bankman-Fried's 'I'm an Idiot, Not a Crook' tour took a stop at The Wall Street Journal over the weekend cryptonews
Sam Bankman-Fried's "I'm an Idiot, Not a Crook" tour took a stop at The Wall Street Journal over the weekend — with the former CEO of now-bankrupt FTX claiming he paid no attention to what his trading firm was doing while betting billions of his and his customers' money.
Talking of the exchange that grew into the second-largest in the world in just three years, Bankman-Fried said funds were sent that way because FTX didn't have its own bank accounts at first. He said:Bankman-Fried added that he didn't realize Alameda's traders were making such dangerously large bets because poorly designed and flawed systems didn't account for the wired funds — so they weren't on the screen he saw.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX founder Sam Bankman-Fried says he will testify before CongressSam Bankman-Fried says he is willing to testify before Congress about the failure of his FTX cryptocurrency exchange but that he might not be ready by Dec. 13, when House Democrats will hold a hearing.
Read more »
Sam Bankman-Fried says he will testify before Congress on FTX collapseBut he might not make it to next week’s hearing.
Read more »
Lummis Reveals FTX Donation, Says It Did Not Come From Bankman-FriedSenator Cynthia Lummis sits with Forbes' Rosemarie Miller to discuss the FTX collapse and a donation she found from the fallen company.
Read more »
Sam Bankman-Fried's excuse for FTX falls flat, says Anna SorokinEven convicted scammer Anna Sorokin thinks Sam Bankman-Fried's defense is a lame attempt at saving himself
Read more »