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US charges Sam Bankman-Fried with defrauding investors

Photo of Grace Will Grace Will December 13, 2022
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US charges Sam Bankman-Fried with defrauding investors
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It is alleged that while Mr Bankman-Fried promoted FTX as a “safe, responsible crypto asset trading platform”, in reality he “orchestrated a years-long fraud” to conceal from FTX’s investors the diversion of FTX customers’ funds to Alameda Research LLC, his privately-held crypto hedge fund.

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