Former U.S. regulator compares FTX and Sam Bankman-Fried to Bernie Madoff and his Ponzi scheme
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Former Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair compares the downfall of crypto-currency exchange FTX and its former CEO Sam Bankman-Fried to Bernie Madoff’s infamous Ponzi scheme. “It was a lot like Bernie Madoff in that sense” she said. Former FDIC Chair compares FTX and Sam Bankman-Fried to Bernie Madoff’s Ponzi scheme. Sheila Bair, […]