Bankman-Fried, charged with 'epic' fraud, released on $250mn bond

FTX, a cryptocurrency exchange, collapsed in November 2019, leading to the loss of billions of dollars in customer funds. Sam Bankman-Fried, the founder of FTX, is accused of stealing billions of dollars in customer funds to plug losses at his hedge fund, Alameda Research. Federal prosecutors in Manhattan have accused the FTX founder of stealing billions of dollars in customer funds to plug losses at his hedge fund, Alameda Research.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/g7jzPk9