Sam Bankman-Fried Denies Creating FTX Backdoor in Interview with Crypto YouTuber | CoinMarketCap

Asked about disgraced FTX CEO Sam Bankman-Fried, billionaire Dallas Mavericks owner and crypto investor Mark Cuban said on Tuesday that while he didn't know all the details of the case: "If I were him, I'd be afraid of going to jail for a long time."

The reported reason was Bankman-Fried allegedly loaning as much as $10 billion of FTX customers' funds to Alameda using a very illiquid token created by FTX as collateral. Initial reports from the restructuring management team put in place after the bankruptcy filing say there's an $8 billion hole following the collapse of that FTT token.

When Fong asked him why FTX US filed for bankruptcy when he'd said it was solvent, Bankman-Fried called himself a "f****** idiot" for letting himself be "coerced" into it."I would give anything to unfile that right now." That a claim he returned to later, when asked if reports of post-bankruptcy accounting suggesting FTX international clients will get almost nothing are accurate. He replied:

"It's where I am right now. And you do not want to be in the country with a lot of angry people in it. And you do not want your company to be incorporated in the country with a lot of angry people in it.""Realistically speaking it's s*****, but the pathway forward for FTX involved Bahamians not being pissed at it.

No one associated with this offense will be going to jail. They never do

While I agree, never going to happen. SBF moved billions for all the right people. Biden in particular. Bank it!

but do we actually expect the elite inside the govt to allow that to happen to the man that paid them millions of dollars from peoples investments?

Yea right

lock him up now

I thought Mark Cuban was defending SBF last week? lol

He is chilling. Like JohnCena. BIN CHILLING!

Give us back our stolen assets. SBF_FTX FTX_Official

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