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Sam Bankman-Fried offered lenders 20% returns in a scramble to rescue his crypto empire from an earlier crisis in 2018, report says

Por: Business Insider Business January 02, 2023

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FTX cofounder Sam Bankman-Fried promised potential lenders returns of up to 20% as he sought to save his crypto empire from an earlier crisis in 2018, a report said. described problems at Alameda Research, the sister company to FTX, which it said stretched back years before its collapse in late 2022.Citing anonymous sources, the outlet said Alameda was already struggling in 2018.The crypto hedge fund needed rescuing after its algorithm for... + full article



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