Sam Bankman-Fried, the 30-year-old founder of a now-bankrupt crypto empire, said he “didn’t ever try to commit fraud on anyone.”
Sam Bankman-Fried, the 30-year-old founder of the bankrupt crypto exchange FTX, said he “didn’t ever try to commit fraud on anyone,” while admitting he made mistakes as chief executive. “There are things I would do anything to do over again,” Bankman-Fried said in a virtual appearance at the New York Times’ DealBook Summit in New York. “I was shocked by what happened this month.
Bankman-Fried’s past statements about the state of FTX and Alameda are under close scrutiny as evidence of his lack of oversight comes to light. Early in the liquidity crunch, he tweeted that FTX assets were “fine” and that it had enough to cover client holdings. He deleted the tweet a day later while trying to orchestrate a bailout that ultimately fell apart.
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