Sam Bankman-Fried Denies Wrongdoing In FTX Implosion
View Source | December 2, 2022 2:30 am
- 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.”
Continue to Article
Share This Article: