The former exchange CEO said at the time the money was to cover personal expenses when he bought Binance's stake.
The former exchange CEO said at the time the money was to cover personal expenses when he bought Binance’s stake.
Sam Bankman-Fried told investors back then that the funds will be primarily used to engage with regulators and improve general user experience as well as the overall platform performance.claims that most of the money went in another direction – to SBF himself. He explained to investors that he took that funds as a “partial reimbursement” of money he spent from his own pocket to buy back a company stake from Binance.
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