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i didn t know to commit fraud. i don t think i committed fraud. i didn t want any of this to happen. i was certainly not as competent as i thought i was. ftx s affiliated trading company, alameda research, was using ftx customer funds. mr bankman fried s defense lawyer has said that mr bankman fried sam bankman fried has denied allegations he must have been aware ftx had an estimated 1.2 million registered users who were using the exchange to buy cryptocurrency tokens such as bitcoin and thousands of others trading about ten billion dollars of cryptocurrencies a dayfrom large traders to everyday crypto fans, many are left wondering if they will ever get back their savings trapped in ftx s digital wallets. joth ray who s the new chief executive of ftx has been giving evidence to politicians. the ftx group s collapse appears to stem from an absolute concentration of control in the hands of a small group of grossly inexperienced and unsophisticated individuals who failed to implemen

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