Coinbase CEO Brian Armstrong Says Sam Bankman-Fried Probably Committed Fraud, Warns of More FTX Contagion – The Daily Hodl

Coinbase CEO Brian Armstrong is weighing in on the collapse of crypto exchange FTX, saying that the firm’s CEO Sam Bankman-Fried probably committed some form of fraud during the ordeal. In a new interview on the All-In Podcast, Armstrong says he spoke to both Bankman-Fried and Binance CEO Changpeng Zhao (CZ), who briefly entertained the idea of acquiring FTX, as the collapse was unfolding. “I spoke to Sam about – he was trying to raise emergency financing and things like that, and I spoke to CZ about why he was considering buying the , I thought it was a bad