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

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…