MarketsSam Bankman Fried regrets filing for bankruptcy with FTX

Sam Bankman Fried regrets filing for bankruptcy with FTX


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The former CEO of the company FTX FTX, Sam Bankman-FriedHe expressed deep regret about filing for Chapter 11 bankruptcy last week, calling it his “biggest failure.”

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Also read: Sam Bankman Fried talks about the reason for the collapse of the FTX stock exchange

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where he answered Bankman Fried In an extensive interview with him Voxpublished in 16 November, to questions on a number of topics, such as filing for bankruptcy under chapter 11his thoughts on the regulators, and how I bet FTX And the Alameda with customer money, and so on.

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The former CEO said that although he made many mistakes, the biggest was listening to what people told him and filing for bankruptcy under chapter. 11:

“I have failed so many times, but do you know what my biggest mistake is?”

“It’s the one thing everyone told me to do, file for Chapter 11 bankruptcy.”

Sam Bankman Fried regrets filing for bankruptcy with FTX

added Bankman FriedThat if he hadn’t filed for bankruptcy, everything would have been fixed up 70% for now, with withdrawals reopening within a month with customers in full.

On the other hand, after recognizing the “liquidity crisis” on November 8, it was reported that Bankman FriedHe sought $8 billion from investors in emergency financing to cover the shortfall, even offering his personal wealth to compensate clients and investors.

When asked about the next step for him, he said Bankman Fried He still has two weeks to get his $8 billion:

“Which is all that matters to me for the rest of my life.”

In the same vein, he affirmed Bankman Fried Also, the money that was transferred from FTX It was a hack, which indicates that it was acquired either by a former employee, or malware on a former employee’s computer.

He again confirmed his claim FTX She never invested in clients’ assets, indicating that it was factually accurate, because Alameda It was she who was investing the money.

Also read: “Sam Bankman Fried” is under surveillance in the Bahamas and is looking forward to fleeing to Dubai

It should be noted here that the new CEO of the company FTXand head of restructuring John RayIn a statement issued on November 16, he had reminded the public that Bankman FriedHe no longer plays a role FTX or FTX US FTX US or Alameda Researchand does not speak for them.

Source: Crypto Arabia

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I am a news writer at 24Happenings, where I help promote and write about events that matter to young professionals. I have worked in media for over a decade, most recently as an anchor in a small town in upstate New York. In my spare time, I like to read, cook simple meals, and watch DirecTV originals.


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