The many lies of Sam Bankman-Fried

Image caption: Turns out reading the terms of service wouldn’t have saved FTX customers. Image credit: The Verge. Article by Emma Roth, Elizabeth Lopatto, and Makena Kelly. The Verge – December 13, 2022.

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. […]

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Further reading:

How a secret software change allowed FTX to use client money – The Economic Times

Bankman-Fried Lawsuits Expose FTX’s ‘Special Treatment’ of Alameda Research – CoinDesk

Tom Brady pushed crypto to his fans. This lawyer wants him to pay up. – The Washington Post