Not guilty said FTX founder Sam Bankman Fried – Katoch Tubes

SBF is not guilty  in the FTX fraud

About FTX

FTX was one of the leading cryptocurrency exchanges in the world. Infact, by volume FTX was the second largest exchange after Binance sometime back.

Founder of FTX

Sam Bankman-Fried is the founder of FTX. He's also the founder of Alameda Research, the investment arm of FTX.

The Bankruptcy

Acc. to a statement released by Sam, FTX requires over $9 billion to overcome bankruptcy. It has filed for bankruptcy.

SBF Arrest

Sam was arrested on Dec12 in Bahamas by the local authority on the request of the United States.

Allegations against FTX

FTX stole billions of worth of user funds and is charged with financial misconduct. Sam also lobbied against other players in the industry to promote FTX.

Not Guilty

SBF pleads not guilty to the charges filed against him in the FTX fraud. If convicted, he will face 115 years in jail

Caroline Ellison pleads guilty

Swipe up to learn about Alameda CEO  & FTX co-founder Gary Wang confession

Learn more

What did we learn?

Centralized exchanges are no longer safe for storing cryptocurrencies. With many freezing withdrawals, it's better to store cryptos in your wallet.

We're on You Tube

Find the best Crypto content only on   Katoch Tubes