CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CoinGape 2023-10-31 16:35:01

SBF Trial: Sam Bankman-Fried Defends $8 Billion spending as ‘Risk Management’

Sam Bankman-Fried (SBF), the founder of the former cryptocurrency exchange FTX, recently defended his actions during a court testimony. He argued that spending $8 billion of FTX clients’ fiat deposits was part of “risk management.” Moreover, he highlighted the challenges he faced balancing his roles. As CEO of Alameda Research, he was more focused on The post SBF Trial: Sam Bankman-Fried Defends $8 Billion spending as ‘Risk Management’ appeared first on CoinGape .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.