The people handling FTX’s bankruptcy say the exchange was so mismanaged they needed to recreate its books from Slack and Google docs records.
New FTX bankruptcy filings say Sam Bankman-Fried gave himself $2.2 billion, mostly from Alameda Research.
The attorneys told a judge that they are still waiting for evidence from SBF's former colleagues who have pleaded guilty.
The disgraced founder re-hashed his narrative and attempted to paint FTX as a crypto company in the wrong place at the wrong time. No fraud!
The FTX founder is facing felony fraud charges over the collapse of what was once one of the world's largest cryptocurrency exchanges.
FTX co-founder Sam Bankman-Fried was extradited to the U.S. late Wednesday and appeared in front of a New York judge Thursday.
SBF was extradited overnight from the Bahamas to New York where he's expected to be arraigned Thursday.
SBF claimed Alameda and FTX were not joined at the hip by user funds, though prosecutrs said he had been funneling customers' crypto for more than three years.
The Times paints a picture of a troubled businessman who made bad investments, rather than an industry built like a house of cards.
The author of Moneyball and The Big Short has been following around FTX founder Sam Bankman-Fried for the past six months.
It was only a few months ago that FTX CEO Sam Bankman-Fried was buying up other failing crypto firms, but in crypto, nothing good lasts forever.
