We know why we wanted SBF to give tons of press interviews. But why did he?
Perhaps you and I would take a different tack if we were, I don’t know, facing serious allegations from both aggrieved customers and skeptical government officials that we mishandled of billions of dollars of other people’s money, but hey, neither of us is Sam Bankman-Fried. But the disgraced genius kept saying he had a “duty” to those affected by the fall of his businesses—which were entangled with many,key parts of the crypto economy—to explain what happened and make things right. OK, sure.
This isn’t the most plausible story by even SBF’s own admission , but it provides a cover if you’re trying to duck the feds: You didn’t know anything, other people messed up, but you’re not going to call them out specifically, out of personal concern. He kept saying that he didn’t have “access” to information that would allow him to be more upfront about financial specifics, thanks to the Chapter 11 proceedings.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Breakingviews - Breakingviews: Sam Bankman-Fried lacks cover of systemic riskSam Bankman-Fried couldn’t be blamed for mulling over past financial scandals with a degree of envy. The former boss of bankrupt crypto exchange-cum-hedge-fund FTX was arrested on Monday in the Bahamas at the request of U.S. prosecutors. That hasn’t happened to many mainstream financial hall-of-shame executives in recent years. Questions of guilt aside, the decentralised nature of the product SBF was promoting may have played a role.
Lire la suite »
FTX's Sam Bankman-Fried arrested in Bahamas, prosecutor saysNEW YORK — Sam Bankman-Fried, the embattled former CEO of cryptocurrency giant FTX and trading firm Alameda Research, has been arrested in the Bahamas on criminal charges, the Bahamas Attorney General's Office announced Monday.
Lire la suite »
Senators slam Sam Bankman-Fried for refusing to testify before banking panel on FTX collapseSenators Sherrod Brown and Pat Toomey said ex-FTX CEO Sam Bankman-Fried declined to testify at a committee hearing in 'an unprecedented abdication of accountability.'
Lire la suite »
What to know about Sam Bankman-Fried and the FTX collapseA major cryptocurrency exchange’s dramatic fall — culminating with a bankruptcy filing and arrest of the former CEO — has prompted “existential questions” about the industry’s reliability. Washington Post reporters explain what led to the collapse of FTX.
Lire la suite »
Breakingviews - Sam Bankman-Fried lacks cover of systemic riskSam Bankman-Fried couldn’t be blamed for mulling over past financial scandals with a degree of envy. The former boss of bankrupt crypto exchange-cum-hedge-fund FTX was arrested on Monday in the Bahamas at the request of U.S. prosecutors. That hasn’t happened to many mainstream financial hall-of-shame executives in recent years. Questions of guilt aside, the decentralised nature of the product SBF was promoting may have played a role.
Lire la suite »
FTX founder Sam Bankman-Fried arrested in Bahamas after U.S. files criminal charges - Jacksonville Business JournalHis arrest comes barely a month after the crypto exchange filed for bankruptcy.
Lire la suite »