Bankman-Fried himself offered lenders 20% returns in a bid to save his crypto empire from an earlier crisis in 2018, the report said
FTX founder Sam Bankman-Fried leaves Manhattan Federal Court after his arraignment and bail hearing on December 22, 2022 in New York City.David Dee Delgado/Getty Images Bankman-Fried himself promised big returns when he asked for emergency cash in 2018, the report said. Alameda Research struggled because of a faulty algorithm, writes The Wall Street Journal. The …