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Sam Bankman-Fried’s Crypto Companies Bilked a Potential 10.3 Million User Accounts–That’s 250 Times More than Madoff

If one considers the customer losses at other crypto companies that have filed bankruptcy, potentially as a result of their exposure to FTX, the total dollar amount of losses may come close to or even exceed the estimated $17.8 billion of lost principa…

If one considers the customer losses at other crypto companies that have filed bankruptcy, potentially as a result of their exposure to FTX, the total dollar amount of losses may come close to or even exceed the estimated $17.8 billion of lost principal in the Madoff fraud. Currently, Ray is acknowledging $8 billion of missing customer funds at FTX, while indicating that records are in disarray and funds are still being tracked. More

The post Sam Bankman-Fried’s Crypto Companies Bilked a Potential 10.3 Million User Accounts–That’s 250 Times More than Madoff appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Pam Martens - Russ Martens.


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Pam Martens - Russ Martens | Radio Free (2022-12-28T06:58:38+00:00) Sam Bankman-Fried’s Crypto Companies Bilked a Potential 10.3 Million User Accounts–That’s 250 Times More than Madoff. Retrieved from https://www.radiofree.org/2022/12/28/sam-bankman-frieds-crypto-companies-bilked-a-potential-10-3-million-user-accounts-thats-250-times-more-than-madoff/

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" » Sam Bankman-Fried’s Crypto Companies Bilked a Potential 10.3 Million User Accounts–That’s 250 Times More than Madoff." Pam Martens - Russ Martens | Radio Free - Wednesday December 28, 2022, https://www.radiofree.org/2022/12/28/sam-bankman-frieds-crypto-companies-bilked-a-potential-10-3-million-user-accounts-thats-250-times-more-than-madoff/
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Pam Martens - Russ Martens | Radio Free Wednesday December 28, 2022 » Sam Bankman-Fried’s Crypto Companies Bilked a Potential 10.3 Million User Accounts–That’s 250 Times More than Madoff., viewed ,<https://www.radiofree.org/2022/12/28/sam-bankman-frieds-crypto-companies-bilked-a-potential-10-3-million-user-accounts-thats-250-times-more-than-madoff/>
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Pam Martens - Russ Martens | Radio Free - » Sam Bankman-Fried’s Crypto Companies Bilked a Potential 10.3 Million User Accounts–That’s 250 Times More than Madoff. [Internet]. [Accessed ]. Available from: https://www.radiofree.org/2022/12/28/sam-bankman-frieds-crypto-companies-bilked-a-potential-10-3-million-user-accounts-thats-250-times-more-than-madoff/
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" » Sam Bankman-Fried’s Crypto Companies Bilked a Potential 10.3 Million User Accounts–That’s 250 Times More than Madoff." Pam Martens - Russ Martens | Radio Free - Accessed . https://www.radiofree.org/2022/12/28/sam-bankman-frieds-crypto-companies-bilked-a-potential-10-3-million-user-accounts-thats-250-times-more-than-madoff/
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" » Sam Bankman-Fried’s Crypto Companies Bilked a Potential 10.3 Million User Accounts–That’s 250 Times More than Madoff." Pam Martens - Russ Martens | Radio Free [Online]. Available: https://www.radiofree.org/2022/12/28/sam-bankman-frieds-crypto-companies-bilked-a-potential-10-3-million-user-accounts-thats-250-times-more-than-madoff/. [Accessed: ]
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» Sam Bankman-Fried’s Crypto Companies Bilked a Potential 10.3 Million User Accounts–That’s 250 Times More than Madoff | Pam Martens - Russ Martens | Radio Free | https://www.radiofree.org/2022/12/28/sam-bankman-frieds-crypto-companies-bilked-a-potential-10-3-million-user-accounts-thats-250-times-more-than-madoff/ |

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