Sam Bankman-Fried (SBF) appeared at the New York Times DealBook Summit, where he discussed the reasons for the demise of FTX. He claims that despite setbacks, he isn’t focusing on potential criminal liability and is trying to help make stakeholders whole.
Andrew Ross Sorkin of The New York Times interviewed Sam Bankman-Fried (SBF), the former chief executive of the failed FTX crypto exchange. Speaking virtually at the DealBook Summit, the disgraced CEO aired his thoughts and looked back at what went wrong with the exchange.
Dishing out the facts
One upside that SBF continued to drill was that all American customers are “okay” in terms of client assets. He claims that FTX U.S., the company’s trading platform for American-based customers, is still solvent. SBF remained “confused” about why FTX U.S. is not processing customer withdrawals right now.
BeInCrypto covered this priča in a previous article. To shed further light on the solvency, FTX US Derivatives (formerly LedgerX), a solvent entity of SBF’s crumbled empire, prepared to make available $ 175 miliona for use in FTX’s bankruptcy proceedings.
Source: https://beincrypto.com/sbf-shifts-blame-customers-defense-did-not-try-commit-fraud/