News Analysis
On Sept. 3, 2022, veteran short-seller Marc Cohodes leveled several bold accusations at crypto exchange FTX and its founder Sam Bankman-Fried. Among the many predictions made by the short-seller was the fact that FTX did not have as much money as it claimed.
“Everything reads like this thing is a complete scam,” Cohodes said in his interview with independent investment research company Hedgeye two months before FTX went bankrupt on  Nov. 11. “It is dirty and rotten to the core.”
Cohodes made his living by exposing fraudulent corporations, including the biotech company MiMedx, which was convicted of securities fraud. The short-seller noticed too many red flags with FTX, noting in his interview that Daniel Friedberg, the company’s chief regulatory officer, was involved in a $50 million online poker scandal years prior….