should have been secured. until very recently, this was the headquarters of a $32 billion ftx empire. we have spoken to a former senior employee of the company who worked here with sam bankman fried. he is furious at how the ceo has handled the collapse, but also about what he is saying right now. he says you are lying, he says that you knew about it, and that it is impossible, he says, for you not to know that ftx s customer funds were being used on these big, risky bets for alameda research, and this is all, in his words, a bold faced lie and a cover up. is that true? no. no, it is not. that doesn t change the fact, though, that it was a really bad mistake and that it hurt a lot of people. and, like, that is on me, one way or another. the former billionaire claims he is now close to being broke, but the 30 year old s dream, if he can get through multiple federal investigations,
bankman fried s ftx was a giant of the cryptocurrency industry. the exchange allowed people to trade their normal money for digital tokens like bitcoin. but last month, it was revealed ftx and bankman fried s separate company, alameda research, were financially unstable. everything came crashing down, billions of dollars are now missing, more than a million people out of pocket. it s alleged that the alameda hedge fund was using ftx customer money that should have been secured. until very recently, this was the headquarters of the $32 billion ftx empire. we have spoken to a former senior employee of the company who worked here with sam bankman fried. he is furious at how the ceo has handled the collapse, but also about what he is saying right now. he says you are lying, he says that you knew about it, and that it is impossible, he says, for you not to know that ftx s customer funds were being used on these big, risky bets for alameda research, and this is all, in his words, a bold fac
until very recently, this was the headquarters of the $32 billion ftx empire. we have spoken to a former senior employee of the company who worked here with sam bankman fried. he is furious at how the ceo has handled the collapse, but also about what he is saying right now. he says you are lying, he says that you knew about it, and that it is impossible, he says, for you not to know that ftx s customer funds were being used on these big, risky bets for alameda research, and this is all, in his words, a bold faced lie and a cover up. is that true? no. no, it s not. that doesn t change the fact, though, that it was a really bad mistake, and that it hurt a lot of people. and, like, that is on me, one way or another. the former billionaire claims he is now close to being broke, but the 30 year old s dream, if he can get through multiple federal investigations,
want an answer to. were you incompetent or were you fraudulent? i didn t knowingly commit fraud, i don t think i committed fraud. i didn t want any of this to happen. i was certainly not nearly as competent as i thought i was. that is why we started ftx, to harness the possibility of this digital asset world. bankman fried s ftx was a giant of the cryptocurrency industry. the exchange allowed people to trade their normal money for digital tokens like bitcoin. but last month, it was revealed ftx and bankman fried s separate company, alameda research, were financially unstable. everything came crashing down, billions of dollars are now missing, more than a million people out of pocket. it s alleged that the alameda hedge fund was using ftx customer money that should have been secured. until very recently, this was the headquarters of the $32 billion ftx empire. we have spoken to a former senior
regardless of any apparent remorse, there is only really one question victims, investigators and reporters want an answer to. were you incompetent or were you fraudulent? i didn t knowingly commit fraud, i don t think i committed fraud. i didn t want any of this to happen. i was certainly not nearly as competent as i thought i was. that is why we started ftx, to harness the possibility of this digital asset world. bankman fried s ftx was a giant of the cryptocurrency industry. the exchange allowed people to trade their normal money for digital tokens like bitcoin. but last month, it was revealed ftx and bankman fried s separate company, alameda research, were financially unstable. everything came crashing down, billions of dollars are now missing, more than a million people out of pocket. it s alleged that the alameda hedge fund was using ftx customer money that should have been secured. until very recently, this was the headquarters of the $32 billion ftx empire.