FTX: Financier Ackman Says Things Aren’t Looking “Good” For Bankman-Fried

0
5
By Luc Olinga The legendary investor has no sympathy for the fallen founder of the bankrupt cryptocurrency exchange, whom he compares to Bernie Madoff. One by one, Sam Bankman-Fried is losing the few influential business figures, who gave him the benefit of the doubt earlier. He has just completely lost the sympathy of Bill Ackman, the founder and CEO of hedge fund Pershing Square. The famous investor initially refused to condemn Bankman-Fried, known by the initials SBF, when the latter filed for Chapter 11 bankruptcy for his crypto empire, made up of FTX and Alameda Research, a hedge fund tha…