FTX To Begin Bankruptcy Payouts — but Was Sam Bankman-Fried ‘Misled’ and ‘Pressured’ Into Giving Up a Profitable Crypto Colossus?

The fallen founder maintains that he never intended to defraud anyone and that his exchange had enough assets to make his customers whole.

AP/John Minchillo
FTX founder Sam Bankman-Fried leaves Manhattan federal court at New York in February 2023. AP/John Minchillo

The beginning of payments to customers from the imploded cryptocurrency exchange FTX underscores the possibility that the wealth amassed by the convicted mogul Sam Bankman-Fried was sufficient to make his investors and customers whole. 

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