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Sam bankman—fried was the front man of his $32 billion ftx empire. nicknamed the king of crypto, he was one of the industry's biggest personalities. but since his empire collapsed, leaving more than a million customers out of pocket, he has faced numerous accusations of misusing customer funds. now in custody in the bahamas, the us accuses him of, in their words, building a house of cards on a foundation of deception. in multiple interviews, most recently with the bbc last week, he admitted to mismanaging ftx. were you incompetent or were you fraudulent? i didn't knowingly commit fraud, i do...

Fergus walsh, bbc news. the founder of the collapsed crypto currency exchange ftx, sam bankman—fried, has been charged with defrauding customers of billions of dollars. ftx was the world's second largest crypto exchange — allowing customers to buy and sell cryptocurrencies such as bitcoin. the us securities and exchange commission allege he misused funds belonging to its trading customers. joe tidy has more. sam bankman—fried was the front man of his $32 billion ftx empire. nicknamed the king of crypto, he was one of the industry's biggest personalities. but since his empire collapsed le...

That he will fight extradition to the united states, where the authorities have filed eight separate criminal charges against him. he's accused of wire fraud, money laundering and conspiracy to defraud. he also faces civil charges including misleading investors who put over a billion dollars into the company. damian williams is the us attorney for the south district of new york. it's fair to say that this is one of the biggest financialfrauds in the biggest financial frauds in american the biggest financialfrauds in american history. this report from our cyber reporterjoe tidy. sam bankman—f...

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 world. bankman—fried's ftx was a giant of the crypto currency 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 ...

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 e...