Sam Bankman-Fried, former CEO of FTX, says ‘we messed up big’

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Sam Bankman-Fried, former CEO of FTX, says ‘we messed up big’
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“I didn’t knowingly commingle funds,” Bankman-Fried said in an interview with the New York Times, in an attempt to address the biggest question surrounding FTX: Did he use customer money from the crypto platform to finance trades at Alameda Research?

“I didn’t knowingly commingle funds,” Bankman-Fried said in a live-streamed interview with the New York Times, in an attempt to address the biggest question surrounding FTX: Had he used customer money from the crypto platform to finance trades at Alameda Research, a sister“I wasn’t running Alameda. I didn’t know what was going on,” he said. “A lot of the things were things I learned over the last month.

earlier this month, appeared in a black T-shirt from an undisclosed location in the Bahamas, where he lives.Seeming a bit nervous as he occasionally sipped a can of La Croix sparkling water, Bankman-Fried referenced personal accountability throughout the session. But he also spent much of the interview deflecting responsibility, offering explanations for why he shouldn’t be held accountable for FTX customers’ inability to withdraw money.

The former chief executive also sought to contradict the image of “a bunch of kids on Adderall having a sleepover party,” as Sorkin said the common perception had it. Instead, Bankman-Fried described a sober environment of no drugs and little alcohol.The session offered an unusual sight: Someone at the center of multiple investigations does not typically appear at a freewheeling public chat.

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