Sam Bankman-Fried, founder of insolvent crypto exchange FTX, surprisingly admits to having blinded everyone. Eight billion dollars are missing – but where is the customer’s money? A search for clues.
Of
Jannis Bruehl and Jan Diesteldorf
Considering that both of Sam Bankman-Fried’s parents are law professors, he writes a lot about his head and collar. A reporter from the American news site who is acquainted with him vox chatted with what is currently probably the most headline-grabbing bankrupt in the world on Twitter and published the exchange. Bankman Fried’s crypto trading platform FTX collapsed last week. In the meantime it was worth 32 billion dollars on paper, now there is practically nothing left. An estimated one million customers do not get their money. In the US, the Securities and Exchange Commission and the Department of Justice are investigating.