Posted 3/20/2024, 11:13:00 PM
FTX Bankrupt with Just 105 Bitcoins; CEO Rejects Bankman-Fried Claims of No Customer Losses
- FTX was down to its last 105 bitcoins when the bankruptcy rescue crew arrived, compared to the nearly 100,000 bitcoins owed to customers
- Current FTX CEO John Ray is pushing back against Sam Bankman-Fried's claims that FTX customers lost "zero" money
- Ray argues that just because customers may get their money back does not mean Bankman-Fried's actions were not criminal
- Hundreds of millions of dollars were lost to bribes and bad investments by Bankman-Fried
- Despite plans to repay customers, many FTX users remain unhappy and will never recover what they lost