Marketplace
  Articles
Business Listings
  Login
  Register
The Sam Bankman-Fried Trial Is Revealing Crypto's Amateur-Hour Ways
    Posted on 10/18/2023
Paradigm, BlockFi, Genesis and other companies did not have access to audited financial statements prior to investing or loaning billions to FTX, FTX.US. and Alameda Research, according to testimonies given in the trial of Sam Bankman-Fried. Rather, these investors and lenders looked at unaudited financial statements and spoke with the executives at these companies to determine critical pieces of information like FTX's cash flow, its liabilities, its current assets and net asset value.
Comments( 0 )
+ Comments