In new post, FTX's CEO denies stealing user funds and asserts FTX solvency.
By The Exchange Team
FTX co-founder Sam Bankman-Fried denied stealing billions in customer payments on Thursday morning Substack post.
And claimed that Binance CEO Changpeng "CZ" Zhao spent months attempting to bring down FTX.
It is Sam's first major response to FBI claims that he oversaw a $8 billion fraud that ruined his $32 billion crypto empire.
Bankman-Fried was freed on a $250M recognizance bail after pleading not guilty to 8 federal charges, such as fraud and money laundering, last month.
His trial begins in October. The SEC and CFTC have filed complaints against Bankman-Fried.
His piece discusses the demise of FTX and his hedge firm Alameda Research.
Also included are supposed FTX and Alameda financial data, which are labeled "JUST AN ESTIMATE."