‘No Funds Were Stolen’
In SBF’s world, up is down and down is up. Using that same logic, the FTX founder claimed neither he nor FTX stole customers’ funds and instead blamed the firm’s sudden collapse on a broad crash in cryptocurrency markets. That statement, which SBF echoed in a sporadic series of media appearances prior to his arrest, stands diametrically opposed to the case being made by federal prosecutors, who alleged SBF took billions in FTX customer funds and used them to invest in other companies, buy luxury real estate, and fund Alameda research.
“I didn’t steal funds, and I certainly didn’t stash billions away,” SBF wrote.
