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Sam Bankman-Fried's Day In Jail Will Come, Predicts Mike Novogratz

source-logo  coingape.com 23 November 2022 13:34, UTC

Mike Novogratz Comment On Sam Bankman-Fried’s Chances Of Getting Jail: The Galaxy Digital CEO said he was surprised to see the FTX CEO running around freely in the Bahamas. Calling FTX’s handling of user funds as fraud, Novogratz said investors in the exchange did not sign up for lending their funds for his personal affairs. Following the news of the crypto exchange’s liquidity issues earlier in November, Galaxy Digital revealed it has exposure to FTX. The company said its exposure to the troubled exchange was around $76.8 million, it said at the time. However, around $47.5 million of the exposed funds were in the withdrawal process, it said.

coingape.com