Odaily News The U.S. Department of Justice stated in the opening statement of the trial of FTX founder SBF that SBF’s entire cryptocurrency empire is a “house of cards built on lies.” SBF defense lawyers argued in their opening statements that SBF, the founder of FTX and Alameda Research, never intended to steal customers funds. He was simply overwhelmed by the rapid growth of the two companies. SBF acted in good faith and did not deceive anyone. (CoinDesk)