Will SBF face consequences for mismanaging FTX? Don’t count on it By Cointelegraph
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Will SBF face consequences for mismanaging FTX? Don’t count on itWill former FTX CEO Sam Bankman-Fried be held accountable for his mismanagement of investor funds?
After most of the entities tied to his cryptocurrency exchange became insolvent last week, blockchain analysts concluded the insolvencies came as a partial result of the exchange’s trading house, Alameda Research, burning through nearly $10 billion in cash that technically belonged to FTX customers. To date, the company has declined to elaborate on the contractual details that made the arrangement possible — or legal.
Rudy Takala is the opinion editor at Cointelegraph. He formerly worked as an editor or reporter in newsrooms that include Fox News, The Hill and the Washington Examiner. He holds a master’s degree in political communication from American University in Washington, DC.
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Will SBF face consequences for mismanaging FTX? Don’t count on itWill former FTX CEO Sam Bankman-Fried be held accountable for his mismanagement of investor funds?
After most of the entities tied to his cryptocurrency exchange became insolvent last week, blockchain analysts concluded the insolvencies came as a partial result of the exchange’s trading house, Alameda Research, burning through nearly $10 billion in cash that technically belonged to FTX customers. To date, the company has declined to elaborate on the contractual details that made the arrangement possible — or legal.
Rudy Takala is the opinion editor at Cointelegraph. He formerly worked as an editor or reporter in newsrooms that include Fox News, The Hill and the Washington Examiner. He holds a master’s degree in political communication from American University in Washington, DC.
Continue Reading on Coin Telegraph
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