Sam Bankman-Fried Denies Wrongdoing In FTX Implosion

  • Sorkin told Bankman-Fried that he received multiple letters from FTX customers who accused the now-broke entrepreneur of stealing their life savings, prompting him to say that he was “deeply sorry about what happened.”
  • After Sorkin pressed him on the alleged intertwining of funds, Bankman-Fried claimed that a “failure of oversight” on his part resulted in confusion rather than any desire to defraud investors for his own profit.
  • “I wasn’t running Alameda. I didn’t know exactly what was going on,” Bankman-Fried remarked. “I was nervous because of the conflict of interest of being too involved.”
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