The former head and founder of the FTX cryptocurrency exchange said on Wednesday, November 30: “I’m so sorry” after the bankruptcy of the company. “I am deeply sorry for what happened”, said Sam Bankman-Fried in his first public interview since the FTX default. Caught in a wave of panic that caused users to attempt to withdraw their funds en masse from the platform, FTX first suspended withdrawals before filing for bankruptcy on November 11.
“I was the CEO of FTX, which meant that no matter what happened, I had to protect the interests of shareholders and customers.”recognized the former leader, was questioned within the framework of the Assembly conference New York Times. “Obviously I made a lot of mistakes, things I would have given anything to fix today.”continued the 30-year-old.
At one time, the fortune was estimated at 26 billion dollars
Sam Bankman-Fried is suspected of using funds invested in the platform by FTX clients with collaborators to conduct speculative financial transactions with his other company, Alameda Research. If proven, these facts could lead to criminal prosecution. “I don’t focus on that”clarified “SBF” about the possible transition to justice. “There is nothing important.” He said he was more interested“Try to do everything (his) can help” investors and customers of the platform.
The most famous person in the world of cryptocurrencies, Sam Bankman-Fried, for some embodied the future of the industry. With an estimated net worth of $26 billion, based entirely on the valuation of FTX and Alameda, the young man lost everything due to the bankruptcy of his platform.
During the interview, Sam Bankman-Fried appeared overwhelmed by events and seemed to have only a very partial understanding of the underside of the FTX failure. “I didn’t run Alameda”he said, although he was the main shareholder. “I didn’t know the extent of their position”that is, the money borrowed from FTX is guaranteed by a physics graduate of the prestigious Massachusetts Institute of Technology (MIT).
Source: Le Figaro
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