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Dubai News Club > Tech > Sam Bankman-Fried’s shadow still looms over the crypto industry
Tech

Sam Bankman-Fried’s shadow still looms over the crypto industry

Press Room
Last updated: 2023/11/04
Press Room
Published: November 4, 2023
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During Sam Bankman-Fried’s monthlong fraud trial, prosecutors presented damning evidence that the fallen crypto founder knew full well what he was doing from the beginning. He knew that Alameda Research borrowed billions in customer funds from FTX. He knew his fellow executives fabricated balance sheets to send to lenders. He knew FTX wasn’t fine when he told customers it was.

In cryptoland, the response to these revelations was largely to condemn Bankman-Fried and FTX as an aberration….

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