Is FTX safe?

In his representations to investors, Bankman-Fried promoted FTX as a safe, responsible crypto asset trading platform, specifically touting FTX’s sophisticated, automated risk measures to protect customer assets.

Who owns FTX?

Samuel Bankman-Fried (“Bankman-Fried”), age 30, was a co-founder and majority owner of FTX and, prior to stepping down on November 11, 2022, its CEO. He was also a co-founder and majority owner of Alameda. He resided in Hong Kong and The Bahamas. 13. FTX Trading Ltd. (d/b/a FTX.com) (“FTX”) is an Antigua and Barbuda limited corporation.

What did Bankman-fried say about FTX?

Unbeknownst to those investors (and to FTX’s trading his crypto empire. 2. Throughout this period, Bankman-Fried portrayed himself as a responsible leader of the crypto community. He touted the importance of regulation and accountability. He told the public, including investors, that FTX was both innovative and responsible.

What does FTX stand for?

FTX Trading Ltd. (d/b/a FTX.com) (“FTX”) is an Antigua and Barbuda limited corporation. FTX’s principal place of business was in Hong Kong and The Bahamas. 2019. FTX was available to customers in most countries, but was not permitted to provide services to customers in the United States and several other countries.