Former FTX CEO Says He’s ‘Deeply Sorry,’ but Is Unaware of Any Intention to Defraud Investors

Former FTX CEO Says He’s ‘Deeply Sorry,’ but Is Unaware of Any Intention to Defraud Investors
Andrew Ross Sorkin and Sam Bankman-Fried on stage at the 2022 New York Times DealBook in New York City on Nov. 30, 2022. Thos Robinson/Getty Images for The New York Times
Kevin Stocklin
Updated:

Appearing at times contrite, at times evasive, former FTX CEO Sam Bankman-Fried told viewers at a New York Times DealBook Summit that he was “deeply sorry about what happened,” referring to the collapse into bankruptcy of his crypto currency exchange and hedge fund in early November, but that he was unaware of any intentional misuses of customer funds.

Host Andrew Ross Sorkin opened their video interview, which Bankman-Fried joined from the Bahamas, with a question from a man named “Andrew,” who claimed to have lost his life savings investing in the FTT crypto currency on the FTX exchange.

Kevin Stocklin
Kevin Stocklin
Reporter
Kevin Stocklin is a contributor to The Epoch Times who covers the ESG industry, global governance, and the intersection of politics and business.
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