Sam Bankman-Fried (SBF), founder of bankrupt FTX, said he regretted filing for bankruptcy and that regulators had messed things up.
Sam Bankman-Fried made some striking statements in an interview with Vox on November 16. Stating that he regrets filing for bankruptcy, the founder also recently became one of the world’s largest fundraisers, now a wreck he said he was back. Probably everything if he didn’t file for bankruptcy 70% SBF, stating that it may have corrected the “I have sued and those responsible are trying to destroy everything out of shame.” said. Also now 8 billion dollars to collect 2 weeks underlined that.
On the other hand, Jhon Ray, FTX’s new CEO and Head of Restructuring 16 November SBF has no continuing role in FTX, and his statements are FTX does not represent reminded the public. Experts reported that even if funds are found, recovery from FTX creditors and bankruptcy court approval will be required to return from bankruptcy.
In the interview, SBF, when asked whether users use their funds, stated that the funds were used, but a more complicated and organic way was followed than expected. The founder stated that many other exchanges do this process as well. The party risking user funds Alameda SBF said it thought Alameda had sufficient collateral to pay back the loan owed to them. If he could start all over again that he will separate Alameda from FTX expressed.
One of the founder’s most striking statements was his criticism of Binance CEO Changpeng Zhao (CZ). Saying that CZ is now touted as a hero, SBF said that CZ’s ethical or is it because Is it because it has a larger balance sheet? He suggested that it should be focused on that it did not sink.
SBF also recently released approximately 600 million dollars if your asset is worth a cyber attack confirmed that. Founder status on a former employee’s computer from a malware claimed to have originated.
After the SBF interview was published, it was published on its social media account. in a statement sharedbeing a regulator So hard to the ever-changing market have to adapt stated that they were. In addition, while investors and regulators protect customers, allowed the freedom underlined that it deserves regulatory frameworks.