Michael Saylor alleged that Sam Bankman-Fried committed fraud.
MicroStrategy founder Saylor said SBF has committed a variety of crimes, including banking and securities fraud.
Michael Saylor Accused of Fraud
The MicroStrategy executive accused SBF of both engaging in securities fraud with the FTT and using clients’ assets as collateral.
Speaking in an interview with Patrick Bet David, Saylor said:
“Sam and most of the people in the crypto world have always been guilty of pumping and promoting unregistered securities. That was very clear to the SEC chairman and most politicians.”
SBF and its company had released the FTT token, which offers various benefits to users. The asset, which was once among the top 25 cryptocurrencies, fell by 93% and then went bankrupt.
According to Saylor, SBF’s use of FTT tokens as collateral was extremely evil.
“He made $10 billion in an unregistered security and then secretly borrowed $10 billion from depositors. He gambled, traded, spent and lost”
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