Sam Bankman-Fried’s FTX crypto platform folded within the week, laid the responsibility for his problems at the feet of his ex-lover.
According to the story, he claimed that his professed dedication to ethics was a sham and expressed regret for people who were harmed by the collapse of FTX.
He had placed 28-year-old Ellison, who many claimed had little professional experience, and owned the majority of Alameda. Bankman seems to have agreed that FTX transferred billions of dollars from clients’ accounts to Alameda without their knowledge or consent. When clients hurried to withdraw their money from FTX but discovered the company couldn’t pay, the crisis began.
Sam had a $40 million Bahamas penthouse with his ex-girlfriend where he resided with his FTX close friends and Alameda executives. This information was provided by Bankman-Fried to Vox reporter Kelsey Piper during a car interview. Regrets about bankruptcy claim Bankman-Fried tried to persuade lawmakers and regulators to embrace cryptocurrency but claimed in the most recent interview that they made everything worse. According to reports, despite being prohibited by FTX’s terms of service, Alameda reportedly owes the company $10 billion.
In the wake of his exchange going up in flames and him losing his billionaire status in a single day on Tuesday, November 15, Bankman-Fried started tweeting in a mysterious manner.