“I didn’t steal funds, and I certainly didn’t stash billions away,” Sam Bankman-Fried said via his newly launched Substack.
on eight counts in December, including wire fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering. Later that month he was released from jail on a $250 million bond. He subsequently pleaded not guilty to all charges; a trial is tentatively scheduled for October.
As for FTX’s international operations, he lamented his decision-making at the company, but less about his risk-taking than his agreement to file for bankruptcy. The filing, he said, came after a pressure campaign from one of FTX’s legal advisors, Sullivan & Cromwell. A spokesperson for Bankman-Fried declined to comment. Sullivan & Cromwell and attorneys for former Alameda Research CEO Caroline Ellison did not immediately reply to inquiries.
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