By Staff Reporters
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Following his crypto exchange’s epic implosion, FTX boss Sam Bankman-Fried (SBF) said he was sorry for mistakes he made, and pledged to “give anything I have to” in order to raise the $4 billion in capital FTX needs to avoid bankruptcy.
As the SEC bear down on the company, shady activities are coming to light: FTX loaned its affiliated firm, Alameda Research, ~$10 billion worth of customer assets to fund high-risk bets, per the WSJ.
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Filed under: "Ask-an-Advisor", Accounting, Alternative Investments, Breaking News, Investing | Tagged: binance, crypto, cryptocurrency, FTX, SBF |
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