Topline Sam Bankman-Fried, the former billionaire facing a litany of criminal charges for alleged fraud in his now-bankrupt exchange FTX and the now-defunct trading firm Alameda Research, made his first public comments of 2023 on Thursday, launching a Substack to apparently sketch out his legal defense. Sam Bankman-Fried arrives at Manhattan federal court last month ahead of his not guilty plea.Copyright 2023 The Associated Press. All rights reserved. Key Facts The 2,300-word post outlines the “pre-mortem” state of FTX from Bankman-Fried’s perspective, providing an overview of the supposed finances of the Bahamas-headquartered FTX International shortly before the company filed for bankruptcy in November and Bankman-Fried resigned as FTX’s chief executive. Among his claims were that a broader market downturn ultimately led to FTX’s collapse and that he had little to do with Alameda’s operations, the latter of which has been disputed by the team overseeing FTX’s b… Click below to read the full story from Forbes
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