Posted 3/22/2024, 9:10:54 PM
FTX CEO Blasts Bankman-Fried as Remorseless Fraudster Facing Decades in Prison Despite Recovered Funds
- New FTX CEO John Ray blasts Sam Bankman-Fried for making "demonstrably false" claims in an attempt to reduce his likely 40-50 year prison sentence
- Ray argues Bankman-Fried stole billions from customers and shows no remorse, despite recovering some stolen funds
- Ray oversees FTX's bankruptcy after its collapse under Bankman-Fried's leadership, which shook the crypto industry
- FTX customers demand compensation in crypto, not cash, as Bitcoin has surged while awaiting payback from the exchange
- With overwhelming evidence against him, it's unlikely Bankman-Fried will get a reduced sentence at his hearing on March 28