Promise vs Reality

Documented Lies

Public commitments that were later broken, quietly abandoned, or contradicted on the record. Each entry pairs the promise — with its primary source — against the documented violations that followed.

1 documented promise
Sam Bankman-Fried Violated Catastrophic Primary evidence Financial
Bankman-Fried: 'FTX has enough to cover all client holdings. We don't invest client assets.'
Said: “FTX has enough to cover all client holdings. We don't invest client assets (even in treasuries). We have been processing all withdrawals, and will continue to be.”
Promised 2022-11-07 Audience: Customers 2 sourced violations Most recent breach 2024-03-28
Source: Sam Bankman-Fried on Twitter, 7 November 2022 (archived; later deleted) ↗