In the ongoing trial of Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, his lead attorney argued that the firm’s former CEO, Sam Bankman-Fried, was responsible for the company’s financial troubles. According to the attorney, Bankman-Fried had advised the CEO to put on a hedge, but she failed to do so, leading to dire consequences for the firm. The attorney claimed that Bankman-Fried was not an unwitting front-person but rather had control over the trading fund. The trial will further examine the actions and decisions of both Bankman-Fried and the former CEO to determine their roles in the firm’s financial straits.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 0 |
| People | None |
| Companies | Alameda |
| Currencies | None |
| Securities | None |
