https://twitter.com/TheRealRorbo/status/1598190728349642753
Posted on 12/02/2022 7:21:59 AM PST by lowbridge
Crypto investors should look for exchanges that don't do business like FTX when choosing where to deposit their funds, according to Sam Bankman-Fried.
Speaking at the New York Times DealBook summit Wednesday, the bankrupt group's former chief executive said that traders should only put their money into exchanges that provide proof of reserves and regulated reporting of customers' assets and liabilities.
"I obviously don't know exactly what's going on at other exchanges. I can tell you what I would think as a customer," Bankman-Fried said. "If I were a customer here, which is look for the things that I wish FTX had been able to supply."
"Proof of reserves is helpful," he added. "Look for as rigorous of that as you can look for regulatory reporting."
Bankman-Fried's comments came in a wide-ranging interview where he admitted he had "screwed up" when he was in charge of FTX – but denied trying to commit fraud.
FTX filed for bankruptcy last month after a report alleged that its sister trading firm held a significant position in its native token FTT, leading to a solvency crisis.
New CEO John Ray III slammed the group's lack of corporate controls in a Chapter 11 filing released on November 17.
(Excerpt) Read more at markets.businessinsider.com ...
I can do better than that. I won’t be a crypto investor, and won’t put my money in any crypto exchanges at all.
Why is this not a jail cell interview?
If he had been a Trump supporter the fbi would have swarmed any property he owned in the USA, the irs would be auditing him, the NYT would be calling for him to be jailed for life, he would be extradited back to the USA, and all the social media would have banned him.
In other words, keep the scam going.
That punk should be bich slapped.
Sam Bankman-Fried: “What you should do is, never invest money in con men like me.”
Bonnie & Clyde giving advice to bank robbers.....:)
Because he’s the #2 Democrat donor money laundering operator.
Meanwhile, crypto investors are urging law enforcement to put SBF behind bars.
Why is this PoS not in custody?
https://twitter.com/TheRealRorbo/status/1598190728349642753
Scam Bankman-Fraud
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