Bankman-Fried '100%' supports knowledge tests for retail derivatives traders
The FTX founder said a knowledge test for derivative retail customers “could make sense” but it doesn’t need to be specific to crypto. The founder and CEO of cryptocurrency exchange FTX, Sam Bankman-Fried has backed the idea of knowledge tests and disclosures to protect retail investors but said it shouldn’t just be crypto-specific. Bankman-Fried tweeted his thoughts in response to an idea floated by the Commodities Future Trading Commission (CFTC) commissioner Christy Goldsmith Romero on Oct. 15, saying the establishment of a “household retail investor” category for derivatives trading....
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During the ongoing trial of Sam Bankman-Fried, co-founder of the now-defunct FTX crypto exchange, startling revelations have emerged regarding his understanding of cryptocurrency. FTX Co-Founder’s Shocking Testimony According to live coverage of the trial by The Guardian, Bankman-Fried confessed to knowing “basically nothing” about cryptocurrency before launching FTX and its affiliated hedge fund, Alameda Research. […]
Sam Bankman-Fried’s legal team has complained to a Magistrate Judge about the “outrageous” prison conditions the former FTX CEO is being held in. The attorney stated that Bankman-Fried is living on meager sustenance due to the prison’s inability to provide him with an appropriate diet. Former FTX Founder Complains Of Unsavory Prison Meals Sam Bankman-Fried, […]
In a candid panel discussion back in January this year, Anthony Scaramucci criticized Sam Bankman-Fried, whom he had considered a close friend, stating that Bankman-Fried’s actions had damaged his reputation. Sam Bankman-Fried, currently facing eight fraud charges related to his company FTX, was on the receiving end of Scaramucci’s strong words, with the financier going […]
FTX CEO Sam Bankman-Fried says derivatives are necessary to bolster the liquidity and efficiency of markets. The chief executive of crypto derivatives exchange FTX, Sam Bankman-Fried (SBF), has argued that derivatives are vital for the efficiency of the digital asset markets.In an interview with Forbes published Aug. 30, the crypto billionaire claimed that crypto derivatives are “misunderstood,” asserting that critics fail to recognise the vital role derivatives play in bolstering the liquidity and efficiency of markets. Derivatives refer to financial contracts that derive their value from....
The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), has produced some interesting revelations even as SBF is set to testify in his case when his hearing resumes on October 26. The most notable ones seem to have come from the testimonies of his ‘inner circle.’ How Sam Bankman-Fried […]