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Did FTX bankruptcy reveal new landmines for former CEO Sam Bankman-fried?

FTX's explosive new bankruptcy court filing revealed new potential legal landmines for former CEO Sam Bankman-Fried and his associates.

How much money did FTX raise from investors?

According to the SEC’s complaint, since at least May 2019, FTX, based in The Bahamas, raised more than $1.8 billion from equity investors, including approximately $1.1 billion from approximately 90 U.S.-based investors.

What happened to Sam Bankman-fried?

Sam Bankman-Fried’s FTX crypto empire collapsed in November 2022. By December, he’d been arrested in the Bahamas and accused of fraud and of bilking investors and customers out of billions of dollars — allegations he’s denied. Get a curated selection of 10 of our best stories in your inbox every weekend.

Is FTX a legit company?

"FTX operated behind a veneer of legitimacy Mr. Bankman-Fried created by, among other things, touting its best-in-class controls, including a proprietary ‘risk engine,’ and FTX’s adherence to specific investor protection principles and detailed terms of service.

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