5 takeaways from Sam Bankman-Fried's surprising Substack blog post
Former FTX CEO Sam Bankman-Fried offered the most extensive remarks since his arrest on fraud charges on Substack. Stuck in house arrest and awaiting trial, disgraced crypto executive Sam Bankman-Fried spoke out on Thursday with the most extensive remarks since his arrest a month ago. The fallen former CEO of FTX issued a 2,300-word rebuke of fraud and conspiracy charges, replete with charts and graphs. He said that he didn't steal customer funds, instead blaming the company's woes on a sharp downturn in the Cryptocurrency market. "I didn't steal funds, and I certainly didn't stash billions away," said Bankman-Fried, who pleaded not guilty last week. He's tentatively scheduled to stand trial in October. The account marked Bankman-Fried's first post on the newsletter platform Substack, which prompts readers to subscribe to receive future messages from Bankman-Fried directly in their inbox. Federal prosecutors charged Bankman-Fried last month in an...