There would be a “chargeable fraud case” if spot assets weren’t backed 1:1 as promised, or were used as collateral for loans or other purposes, Renato Mariotti, a former federal prosecutor, told CNBC. Bankman-Fried has said previously that “dollars” on the exchange were “generally fungible” and now, too, did he admit client funds were too, at least in the final hours.
Did Sam Bankman-Fried Finally Admit the Obvious?
