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The many lies of Sam Bankman-Fried


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Sam Bankman-Fried is shown against a background of red Turns out reading the terms of service wouldn’t have saved FTX customers. | The Verge

The US government says it was fraud from the jump. The complaint made public today by the Commodity Futures Trading Commission has some hair-raising details — and if it’s right, Sam Bankman-Fried hasn’t been telling the truth for quite some time. According to the complaint, Bankman-Fried operated Alameda Research and FTX as a common enterprise, for instance. This complaint is civil.

In a press conference today, US attorney Damian Williams characterized Alameda Research and FTX as “one of the biggest financial frauds in American history.”

Sam Bankman-Fried was deeply involved with Alameda Research

Bankman-Fried said that he “didn’t know exactly what was going on” at Alameda Research and that he “wasn’t running Alameda.” According to...

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