In an interview, the former CEO of the formerly No. 2 crypto exchange in the world, FTX, said he didn't commit fraud and believes he could still fix his bankrupt businesses.
Asked about that possibility during an interview at the New York Times Dealbook Summit conference on Nov. 30, the CEO of the bankrupt FTX cryptocurrency exchange was clearly uncomfortable. What he said, in the end, is:
Which is essentially the story he's pitching: Sam Bankman-Fried as a whizz kid so far in over his head that he didn't even realize that the company should have had an executive looking at the risk management and leverage between the FTX and FTX US exchanges and trading firm Alameda Research — whose horribly overleveraged bad bets brought the company down.
What came out was something that looked and sounded like a person who'd been called a wunderkind revolutionary businessman trying to engage Steve Jobs' famed reality distortion field, and failing miserably.
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