FTX founder released to parents on $250m bail

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Prosecutors have accused Sam Bankman-Fried of “one of the biggest financial frauds in US history”. …

“I didn’t knowingly commit fraud. I don’t think I committed fraud. I didn’t want any of this to happen. I was certainly not nearly as competent as I thought I was,” he told the BBC, shortly before his 12 December arrest in the Bahamas, where he lived, and FTX was based.

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