Will SBF face consequences for mismanaging FTX? Don’t count on it
Cointelegraph
Published Nov 15, 2022 06:13PM ET
Updated Nov 15, 2022 08:00PM ET
Will former FTX CEO Sam Bankman-Fried be held accountable for his mismanagement of investor funds?
After most of the entities tied to his cryptocurrency exchange became insolvent last week, blockchain analysts concluded the insolvencies came as a partial result of the exchange’s trading house, Alameda Research, burning through nearly $10 billion in cash that technically belonged to FTX customers. To date, the company has declined to elaborate on the contractual details that made the arrangement possible — or legal.
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Written By: Cointelegraph
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