FTX Collapse: Bankman-Fried Denies Being Bernie Madoff of Crypto

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By Luc Olinga The founder of the cryptocurrency exchange gives his version of the facts and denies any intention to scam customers. Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, engaged in a televised exercise, on November 30, to clear his name of accusations of fraud since the bankruptcy of his crypto empire. Sporting a black t-shirt and occasionally sipping on a soda, the 30-year-old former trader answered questions for more than an hour about his downfall and the practices within his companies. In a simple setting — a painting hanging on the wall to his right and a pla…