FTX co-founder and former CEO Sam Bankman-Fried was interviewed at a New York Times conference yesterday, speaking publicly despite the advice of lawyers urging him to remain silent about the collapsed cryptocurrency exchange. As the FTX bankruptcy unfolds and lawmakers urge US authorities to file criminal charges, Bankman-Fried said he did not intentionally commit fraud.
“Clearly I made a lot of mistakes,” Bankman-Fried said. “There are things I would give anything to be able to do over again. I didn’t ever try to commit fraud on anyone. I was excited about the prospects of FTX a month ago. I saw it as a thriving, growing business. I was shocked by what happened this month.” Bankman-Fried also said he “didn’t knowingly commingle funds” with Alameda Research, a related firm that he co-founded and owned a portion of.
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