FTX founder Sam Bankman-Fried has said he was largely unaware of major problems at his now-bankrupt crypto exchange, and few believe him. But two billionaire investors, Bill Ackman and Kevin O'Leary, appear to be in his corner.
Bankman-Fried defended himself Wednesday against accusations of fraud in an interview at the New York Times Dealbook Summit, after his $32 billion exchange collapsed in spectacular fashion, shaking confidence in the cryptocurrency sector and sparking renewed calls for tighter regulation. He said he did not knowingly mix funds from the exchange with those of his trading firm Alameda—a key accusation against him.
