FTX’s Sam Bankman-Fried launches newsletter to defend himself: ‘I didn’t steal funds’

Published by
New York Daily News

Disgraced cryptocurrency CEO Sam Bankman-Fried launched a newsletter Thursday in his latest attempt to defend himself. Bankman-Fried, founder of the now-bankrupt crypto exchange FTX, wrote on his new Substack, “I didn’t steal funds, and I certainly didn’t stash billions away.” The 30-year-old executive was charged in December with leading “one of the biggest financial frauds in American history.” He posted $250 million bail and was placed under house arrest at his parents’ home in the San Francisco Bay Area. According to prosecutors, Bankman-Fried used customer funds from FTX to finance the cr…

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