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Sam Bankman Fried once thought to be the crypto savior of the Silicon Valley had his company Alameda collect the money which was meant for His other company FTX’s user funds for ‘loans’.
Binance CEO says Sam first called him when they news broke out about the fall of FTX’s share, He though Sam wanted to buy the FTT tokens Binance had but Sam wanted him to buy the entire firm (FTX). It was that at that point that he lied to his users who had trusted him with their money, which was what led Binance CEO to pull out of the deal 2 days after he agreed to it.
Sam Bankman Fried is back and has had interviews with CNBC and ABC and would be interesting to see what the public now thinks of the entire situation.
