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Founder Of Bankrupt Crypto Fir...

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Founder Of Bankrupt Crypto Firm FTX Charged By US authorities With Trying To Defraud Investors

RedFM News
RedFM News

01:42 13 Dec 2022


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The founder of bankrupt crypto firm FTX has been charged by US authorities with trying to defraud investors following his arrest in The Bahamas.

Sam Bankman-Fried quit as chief executive last month, after struggling to raise money to stop it collapsing.

It's claimed since at least May 2019, FTX raised the equivalent of more than 1-point-7 billion euro from around 90 US-based investors.


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