The post Sam Bankman-Fried Trial: FTX Bug Inflates Alameda’s Debt By $8B; FTX’s Risk Measures Contradict SBF’s Margin Claims appeared first on Coinpedia Fintech News
As the trial of the bankrupt FTX’s CEO Sam Bankman-Fried progresses, criticism and accusations shed light on the exchange’s margin systems. Zane Tackett, once the top of institutional sales at FTX, recently claimed potential discrepancies in the exchange’s risk mitigation strategies, creating doubt on Bankman-Fried’s defense in a revealing interview.
FTX’s Terms Of Service Doesn’t Support SBF’s Defense
Bankman-Fried, once a tycoon in the crypto market, is now under scrutiny for his claims related to the exchange’s margin systems. He has attempted to go through the legal and public discourse by presenting intricate details about the operation of FTX’s margin systems, particularly focusing on issues related to spot margin borrows. However, Tackett argues that the facts might not be as straightforward
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