Sam Bankman-Fried Launches Substack: ‘I Didn’t Steal Funds’
Joining the ranks of other influential outcasts, FTX founder Sam Bankman-Fried launched a Substack on Thursday, in which he again proclaimed his innocence.
“I didn’t steal funds, and I certainly didn’t stash billions away,” he wrote.
The 30-year-old, currently under home detention at his parents’ house near Stanford, is accused of perpetrating a massive fraud and using customer deposits at FTX—his crypto exchange—to bail out his cryptocurrency hedge fund, Alameda Research.