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BBCNEWS BBC News June 4, 2024 00:17:00

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 unstable. everything came crashing down, billions of dollars are now missing, more than a million people out of pocket. it is alleged that the alameda hedge fund was using ftx customer money that should have been secured. until very recently, this was the headquarters of a $32 billion ftx empire. ....

Question Victims , Sam Bankman Fried , Alameda Research , Currency Industry , Crashing Down , Ftx Customer Money , Hedge Fund , Ftx Empire , 32 Billion , A Million , 2 Billion ,

BBCNEWS BBC News June 4, 2024 05:20:00

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 employee of the company who worked here with sam bankman fried. he is furious at how the ceo has handled the collapse, but also about what he is saying right now. he says you are lying, he says that you knew about it, and that it is impossible, he says, for you not to know that ftx s customer funds were being used on these big, risky bets for alameda research, and this is all, in his words, a bold fac ....

Sam Bankman Fried , Alameda Research , Crashing Down , Cryptocurrency Industry , Ftx Customer Money , Hedge Fund , Ftx Empire , 32 Billion , A Million , 2 Billion , Customer Funds , Cover Up ,

BBCNEWS BBC News June 4, 2024 03:20:00

I made a lot of mistakes that are things i would give anything to be able to do over again. regardless of any apparent remorse, there is only really one question victims, 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. 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 unstable. everything came crashing down, billions of dollars are now missing, more than a million people out of pocket. it is alleged that the alameda hedge fund was using ftx customer money that ....

Question Victims , Sam Bankman Fried , Bankman Fried S Ftx , Currency Industry , Ftx Customer Money , Hedge Fund , Alameda Research , Crashing Down , A Million ,

BBCNEWS BBC News June 4, 2024 02:21:00

Are things i would give anything to be able to do over again. regardless of any apparent remorse, there is only really one question victims, 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 asset 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 unstable. everything came crashing down, billions of dollars are now missing, more than a million people out of pocket. it is alleged that the alameda hedge fund was using ftx customer money that should have been secured. ....

Question Victims , Bankman Fried , Currency Industry , Ftx Customer Money , Alameda Research , Hedge Fund , Crashing Down , A Million ,

BBCNEWS BBC News June 4, 2024 10:23:00

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 asset world. 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 ....

Arab World , Bankman Fried S Ftx , Cryptocurrency Industry , Bankman Fried , Alameda Research , Crashing Down , A Million , Ftx Customer Money , Hedge Fund , Ftx Empire , 32 Billion , 2 Billion ,