The Morning After: Disgraced FTX founder Sam Bankman-Fried began a e-newsletter | Engadget

Sure, it might not sound just like the spiciest headline, however Sam Bankman-Fried is in a bizarre place to be beginning a Substack. He’s going through as much as 115 years in jail if he’s convicted of federal fraud and conspiracy costs. And but the embattled founding father of collapsed crypto trade FTX – who pleaded not responsible and is out on a $250 million bond whereas awaiting trial – figured it’d be a fantastic thought to put in writing about his perspective on the saga in a Substack e-newsletter.

In his first submit, in regards to the collapse of FTX International, Bankman-Fried (aka SBF) claims “I didn’t steal funds, and I certainly didn’t stash billions away.” SBF notes that FTX US (which serves prospects in America) “remains fully solvent and should be able to return all customers’ funds.” However, he doesn’t point out that FTX co-founder Zixiao “Gary” Wang and former Alameda Research CEO Caroline Ellison pleaded responsible to fraud costs and are cooperating with prosecutors.

– Mat Smith

The Morning After isn’t only a e-newsletter – it’s additionally a every day podcast. Get our every day audio briefings, Monday by Friday, by subscribing proper right here.

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