The latest version of events, drawing on Bankman-Fried’s memory of balance sheets at FTX and sister trading house Alameda Research, doesn’t go into accounting issues that he had earlier cited as among the reasons for the wipeout of his empire in November. He also doesn’t address allegations that he allowed Alameda to siphon customer funds from FTX for high-risk trading.
Sam Bankman-Fried offered one of his most detailed descriptions yet of the FTX debacle as he prepares to fight fraud charges, blaming crashing markets and an attack from a rival for the eventual bankruptcy of his exchange.
“I didn’t steal funds, and I certainly didn’t stash billions away,” the former crypto magnate wrote in a blog post Thursday. “I’ve been, regrettably, slow to respond to public misperceptions and material misstatements.”
