Tag Archives: deflects

Sam Bankman-Fried defends FTX collapse, deflects blame in bizarre interview he says went against advice of lawyers

Sam Bankman-Fried defends FTX collapse, deflects blame in bizarre interview he says went against advice of lawyers

In a nearly 90-minute interview at the New York Times Dealbook Summit on Wednesday, disgraced FTX cofounder and former CEO Sam Bankman-Fried said he “didn’t try to commit fraud” as his crypto empire collapsed in a matter of days earlier this month. Speaking with Andrew Ross Sorkin remotely from the Bahamas, Bankman-Fried, known as SBF in the crypto world, stated: “I did not knowingly commingle funds” between FTX and the trading firm Almadea Research, which he also co-founded. In his first… Source link

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