Biggest cryptocurrency fraudster blames Binance CEO for his problems

The notorious ex-head of the bankrupt FTX exchange, Сем Бенкман-Фрід" href="https://noworries.media/biography/sem-benkman-frid/" data-bio-id="3697">Sam Bankman-Fried, has published a new statement in which he presented his version of the reasons for the collapse of his platform. According to the fraudster, the main culprit behind FTX’s bankruptcy is not Bankman-Fried and his fraud with client funds, but the head of the largest exchange Binance, Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao.

According to SBF, the Binance executive took advantage of the cryptocurrency market recession and provoked the collapse of Alameda Research, which eventually led to the FTX bankruptcy, as the company had a large position on the crypto exchange. Benkman-Fried is convinced that if Binance had not intervened, Alameda would have stayed afloat even after the market fell by 80%.

At the same time, the former FTX CEO assured that even now the exchange is able to almost completely return all funds to its customers. Benkman-Fried said that the exchange would have repaid the funds even earlier, but it was «pressured» to file for bankruptcy.

The official indictment accuses Fried of defrauding FTX clients since 2019. The ex-billionaire is also suspected of making tens of millions in illegal political donations to protect himself and his business. Earlier, there were rumors that the ex-CEO of FTX bribed US Democrats and that is why he remained at large. As a reminder, the arrested Fried was first extradited from the Bahamas to the United States and then released on $ 250 million bail.