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Indian-origin investor, 27, says he lost $2 million in FTX crash

“SBF is rubbing it in on us,” Evan Luthra told the New York Post.

December 07, 2022 / 03:01 PM IST
Evan Luthra first invested crypto with FTX in 2020. (Image credit: evanluthra/Instagram)

Evan Luthra first invested crypto with FTX in 2020. (Image credit: evanluthra/Instagram)

Evan Singh Luthra, an Indian-origin entrepreneur, is among those who have lost their money after the collapse of cryptocurrency exchange FTX last month. Luthra said he lost more than $2 million after FTX went bankrupt.

“SBF (Sam Bankman-Fried) is rubbing it in on us,” Evan Luthra, 27, told the New York Post. He first invested crypto with FTX in 2020.

“(Bankman-Fried) knows what he did is a crime. He is rubbing it in and, through the media narrative he’s spinning, trying to pin it as a mistake. I have no doubt that he knew what was going on. He should be in jail.”

FTX filed for bankruptcy in November and Sam Bankman-Fried, its founder, stepped down as chief executive on November 11, after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal.