Bankman-Fried says millions of FTX customers could get money back ...Middle East

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Bankman-Fried says millions of FTX customers could get money back
FTX founder Sam Bankman-Fried on Thursday said the millions of customers who lost money from the collapse of his cryptocurrency exchange could get their money back.  Bankman-Fried said in a Substack post that three factors combined to cause the “implosion” of FTX — the balance sheet of his hedge fund, Alameda Research, growing to $100 billion of net asset value, $8 billion of net borrowing and $7 billion of liquidity on hand; Alameda not successfully limiting its market exposure; and an “extreme, quick, targeted” crash caused by the head of another cryptocurrency exchange, Binance.  Bankman-Fried was arrested in the Bahamas last month and is facing a variety of charges including wir

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