FTX crypto CEO Sam Bankman-Fried pleads not guilty Attorneys managing the bankruptcy of defunct cryptocurrency exchange FTX announced that they have recovered some $5 billion in assets to repay defrauded customers and investors.
Former FTX CEO Sam Bankman-Fried garnered controversy after users learned that he commingled funds between his exchange platform and Alameda Research, a trading firm he also controls, losing billions’ worth of assets as customers rushed to withdraw their balances. Adam Landis, an attorney working to recover funds, said that deposits were used to purchase lavish amenities and otherwise improperly enrich the company’s founders.
“We know what Alameda did […]
Article Source: www.dailywire.com
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