As FTX CEO Sam Bankman-Fried fends off requests to attend House Financial Services Committee hearings and continues his interview tour, it’s unsurprising that people have raised the question: why isn’t he behind bars? The answer is simple: while it may seem that SBF has done something wrong, we still don’t know if anything criminal has taken place. That hasn’t stopped many from rushing to judgment, including Coinbase CEO Brian Armstrong, who described an $8 billion hole in FTX’s balance sheet as “stolen customer money used in his hedge fund, plain and simple.”
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