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Is lying to Congress going to be added to his charges ? In congressional testimony on May 12, he called FTX’s software “safe, tested and conservative.” By quic
by qwertyuiop_ 4y ago
Is lying to Congress going to be added to his charges ?
In congressional testimony on May 12, he called FTX’s software “safe, tested and conservative.”
By quickly unwinding the riskiest, most undercollateralized positions, the risk engine prevents build-up of credit risk that could otherwise cascade beyond the platform, resulting in contagion,” Bankman-Fried testified.
He did not tell lawmakers about the software change to exempt Alameda. Indeed, he told investors that Alameda received no preferential treatment from FTX, the SEC complaint said