Was Sam Bankman-Fried a Fool or a Fraud? ...Middle East

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Was Sam Bankman-Fried a Fool or a Fraud?
Sam Bankman-Fried wants people to think he was the victim. The ex-billionaire who founded FTX, the now-failed crypto exchange, planned to tell Congress on Tuesday that he was “sorry” and that he had “fucked up.” But Bankman-Fried also apparently wanted pity and sympathy for his own downfall.“Last year, my net worth was valued at $20 billion,” he wrote in remarks prepared for the House Financial Services Committee. “Today, I would be wrong to say that I have nothing: I have a loving family, and food on my plate, and that’s more than life has given to billions of people. But last I saw, I believe my bank account had about $100,000 in it.” The heart weeps.Bankman-Fried’s many statements of cont

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