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[BROKEN PROMISES] LEDGER
// 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.

// Aggregate public harm across 2 assessed promises
$5 billionestimated public cost
87M peopleaffected
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 00:00:00+00 Audience · Customers 2 sourced violations Latest breach 2024-03-28 00:00:00+00
Source Sam Bankman-Fried on Twitter, 7 November 2022 (archived; later deleted) ↗