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.
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