Home » Economy » Before his fall, Sam Bankman-Fried had wanted to buy a Swiss bank

Before his fall, Sam Bankman-Fried had wanted to buy a Swiss bank

by Alexandra Hartman Editor-in-Chief

Presented as a true genius until his arrest on December 13, 2022, Sam Bankman-Fried had at least understood that “Swiss bank” means “security”. It is for this reason that the ex-boss of the defunct FTX platform was even ready to pay 25 million francs to get his hands on Neue Privat Bank, a small Zurich private bank which held 1.8 billion francs in assets, revealed by Swissinfo.

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