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Coinbase CEO on ‘Stolen Customer Money’ Used by SBF’s Alameda Research

On Saturday (3 December 2022), Coinbase Co-Founder and CEO commented on the interview that Sam Bankerman-Fried (aka “SBF”), the disgraced co-founder of Alameda Research and co-founder and former CEO of bankrupt crypto exchange FTX, gave to Bloomberg recently at $30 million his Bahamian penthouse apartment.

The following video from Wall Street Journal nicely summarizes how FTX went bankrupt:

According to a report by New York Post published on Friday (2 December 2022), during the interview, when the Bloomberg reporter pointed out that FTX, which filed for Chapter 11 bankruptcy in the U.S. on 11 November 2022, had $8 billion less in liquid assets than SBF had claimed, SBF who graduated in 2014 with a bachelor’s degree in physics and a minor in mathematics, said that he had “misaccounted.”

Well, yesterday (3 December 2022), the Coinbase CEO posted a pair of tweets that suggested that he was not impressed with this explanation:

(By Siamak Masnavi)

Coinbase FTX SBF Alameda Research
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