FTX: Sam Bankman-Fried organizes his defense

Posted Nov 30, 2022 11:51 AMUpdated 1 Dec. 2022 at 9:27

A repentant Sam Bankman-Fried, but above all eager to exculpate himself. On Wednesday evening, the ousted boss of FTX answered live questions from New York Times journalist Andrew Ross Sorkin, during a conference organized by the press group. The former crypto prodigy appeared via videoconference from his haunt in the Bahamas, dressed in his eternal black T-shirt, his right arm twitching nervously. He was greeted with polite applause, which shocked some investors and customers, who were threatened with ruin.

“I made a lot of mistakes”, “I never tried to defraud”, “I was shocked” by the extent of the disaster, conceded the 30-year-old, in response to the letter from a reader claiming having lost two million dollars, the savings of a life, in the sinking of the empire of Sam Bankman-Fried.

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