FTX CEO Refutes Claims of Zero Harm by Sam Bankman-Fried: Court Filing

FTX CEO Refutes Claims of Zero Harm by Sam Bankman-Fried: Court Filing

In the aftermath of FTX’s catastrophic collapse, current CEO John J. Ray III has emerged as a central figure in the legal saga surrounding the platform’s downfall. Responding to assertions made by former leader Sam Bankman-Fried regarding the extent of harm caused by FTX’s collapse, Ray launched a scathing rebuttal that reverberated through legal circles and the cryptocurrency community alike.
In a meticulously crafted court filing, Ray vehemently rebuked Bankman-Fried’s claim that there was “zero” harm to customers as a result of the collapse. Describing Bankman-Fried’s argument as “reckless” and “false,” Ray sought to underscore the profound impact experienced by FTX’s users in the wake of the platform’s demise. “I can assure the Court that each of these statements is categorically, callously, and demonstrably false,” Ray declared, leaving little room for ambiguity in his stance.
Impact on Victims
FTX Trading Limited CEO John J. Ray III emerged as a voca

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