Ever since Sam Bankman-Fried’s crypto exchange FTX melted down last month, one of the biggest questions is what exactly happened to $8 billion that seems to have gone missing.
Bankman-Fried, also known as SBF, has said that poor management of company accounts led to the collapse and bankruptcy of FTX.
But another major crypto founder thinks SBF’s reasoning needs to be taken with a grain of salt.
Brian Armstrong, CEO of Coinbase, a crypto exchange platform, wrote in a tweet on Dec. 3 that he wasn’t buying the accounting practices excuse.
“I don't care how messy your accounting is (or how rich you are)—you're definitely going to notice if you find an extra $8B to spend,” he wrote.
“Even the most gullible person should not believe Sam's claim that this was an accounting error,” he added in a follow-up tweet.
I don't care how messy your accounting is (or how rich you are) - you're definitely going to notice if you find an extra $8B to spend.
— Brian Armstrong (@brian_armstrong) December 3, 2022
Even the most gullible person should not believe Sam's claim that this was an accounting error.
