““It wasn’t me, it was them!” Although the founder of FTX is serving a 25-year prison term, he continues to claim his innocence and shift the blame to others. In a newly released document, Sam Bankman-Fried argues that FTX and Alameda Research were not insolvent and that clients’ funds could have been returned if the bankruptcy management team, on […]”, — write: businessua.com.ua
From her prison cell, Sam Bankman-Fried accuses John J. Ray III’s team of destroying the company.
SBF’s statements do not stand up against the evidence presented at trial. A month after filing for bankruptcy in November, Bankman-Frieda was arrested in the Bahamas. In November 2023, it was condemned on several charges against fraud and conspiracy in order to steal billions of dollars of FTX customers’ funds. It is currently held 25-year prison term and appeals the verdict.
Sam Bankman-Fried and his family repeatedly claimed that co-founder of FTX was wrongfully convicted and is seeking a pardon from President Donald Trump, who pardoned the creator of Silk Road Ross Ulbricht and co-founder of Binance Changpeng Zhao .
Earlier this month Bankman-Fried even wrote in a message on platform social networks GETTR, that his arrest was politically motivated by the Biden administration after he shifted his political donations to Republicans.
Sam Bankman-Fried continues to defend himself, arguing that FTX and Alameda were not insolvent and that the bankruptcy process made things worse. However, the evidence presented in court paints a different picture: a company that took reckless risks with its customers’ money. Enemy number one in the field of cryptocurrencies will have one more chance to vindicate himself in court, starting on November 4. dates for consideration of his appeal . So it’s reasonable to assume that the document released in the last few hours is a way for him to prepare the ground and start laying the groundwork for his legal strategy. Of course, we will carefully monitor all this in our new news feed !
Source: journalducoin.com
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