Coinbase Global Inc. Chief Executive Brian Armstrong said Sam Bankman-Fried’s explanation of sloppy accounting as the reason US$8 billion moved from his crypto exchange FTX to brokerage arm Alameda Research doesn’t stand up to scrutiny. Bankman-Fried gave the reasoning in an interview with Bloomberg published on Friday. (forkast)
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Coinbase CEO Armstrong Says Bankman-Fried’s US$8 bln ‘Accounting Error’ Doesn’t Stand up
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Cointime August 4 News Express
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