FTX Founder Sam Bankman-Fried: ‘I Didn’t Ever Try To Commit Fraud On Anyone’
FTX founder Sam Bankman-Fried, 30, claimed during an Wednesday that he never tried to commit fraud against anyone at the now-bankrupt company.
The company filed for bankruptcy earlier this month after customers discovered that firms controlled by Bankman-Fried and his associates were allegedly fraudulently intertwined, triggering a liquidity crisis as customers hurried to withdraw funds. A number of individual users and institutional clients still have as much as $8 billion remaining with the company.
“I didn’t ever try to commit fraud on anyone,” Bankman-Fried said during an interview with CNBC’s Andrew Ross Sorkin at the Dealbook Summit. “I saw it as a thriving business and I was shocked by what happened this month.”
“What are your lawyers telling you right now?” Sorkin asked. “Are they suggesting it’s a good idea for you to be speaking?”
“No, they’re very much not,” he responded. “The time that I really knew there was a problem was November 6. When we looked at that, there was a potential serious problem.”
WATCH:
In his first live interview since the crypto firm he founded collapsed, Sam Bankman-Fried said he had “made a lot of mistakes” and “didn’t ever try to commit fraud on anyone.” Watch his conversation with @andrewrsorkin live: https://t.co/Zq5v4GdS5A pic.twitter.com/bRRqjwnVo0
— DealBook (@dealbook) November 30, 2022
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