Sam Bankman-Fried’s tweets have come back to haunt him.
As customers raced to withdraw their money from his embattled FTX cryptocurrency exchange nearly one year ago, Bankman-Fried tried to stop the run on the bank with a message to his more than 1mn followers: “FTX is fine. Assets are fine.”
In testimony on Friday, FTX co-founder Gary Wang, one of Bankman-Fried’s closest friends, said the message was a lie: “No . . . FTX was not fine,” he told jurors. “Assets were not fine.”
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