“He spent his customers’ money and he lied to them about it. Where did the money go? The money went to pay for investments, to repay loans, to cover expenses, to purchase property, and to make political donations,” Roos said last year. During the sentencing hearing, he went further, saying, “the fact that Mr. Bankman-Fried spent the money on investments, rather than sports cars, or whatever you might expect for someone classically greedy, does not make him not greedy or does not express a motive of greed. The fact that he had ambitions that seem altruistic does not make him not ambitious, is not a motive for doing these things.”
XRP price gains as Purpose announces spot ETF launch
XRP price rose amid news that Purpose Investments is set to launch a spot XRP spot exchange-traded fund. The Purpose...
