Bankman-Fried Says He ‘Didn’t Stash Billions,’ Denies Theft
- FTX founder blames cryptocurrency crash, rival for blowups
- He’s on bail and faces US trial in October on fraud charges
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Sam Bankman-Fried offered one of his most detailed descriptions yet of the FTX debacle as he prepares to fight fraud charges, blaming crashing markets and an attack from a rival for the eventual bankruptcy of his exchange.
“I didn’t steal funds, and I certainly didn’t stash billions away,” the former crypto magnate wrote in a blog post Thursday. “I’ve been, regrettably, slow to respond to public misperceptions and material misstatements.”