Former FTX boss Sam Bankman-Fried said he was “deeply sorry about what happened” and stressed that he “didn’t knowingly co-mingle funds.”
As far as his net worth, SBF said there are no hidden funds, he has “close to nothing” left and he was down to a single credit card. Sorkin asked when SBF realized things were going downhill and SBF replied it was Nov. 6 and at that point “we were putting together all the information.”
“Look, I’ve had a bad month,” SBF stressed. “I can’t talk about anyone else … For me, I dunno, like, I’ve been prescribed various things at various times to help with concentration.” As far as Alameda Research is concerned, SBF seemed to shift the blame away from his role by insisting he “didn’t know the size of their position.” “I wasn’t running Alameda,” SBF said fidgeting in his chair. “I didn’t know exactly what was going on.” In the interview, SBF told Sorkin that he thought it was possible FTX customers could get their money back and cited how Bitfinex made customers whole after the exchange was hacked in 2016.
“I obviously wish that I spent more time dwelling on the downsides and less time thinking about the upsides,” SBF said. The FTX co-founder also remarked that he “didn’t knowingly co-mingle funds” and he couldn’t recall a time when he told a lie. SBF said:Sorkin asked SBF whether or not the company had any formal corporate board structures and SBF replied that there were too many boards across the FTX empire.
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