FTX’s CEO Speaks for the First Time After Bankruptcy

Sam Bankman-Fried, CEO of the sinking cryptocurrency exchange FTX, attended an event held by the New York Times. This event was important because Bankman-Fried made official statements for the first time after the bankruptcy. So what did he say?

The crypto money community has recently been almost exclusively among the world’s largest cryptocurrency exchanges. FTX’s bankruptcy speaking. So much so that the markets, which were not very heartwarming days, almost collapsed upon the emergence of the situation regarding FTX. According to millions of investors, the only reason for what happened is the CEO of FTX. Sam Bankman-Fried‘he said.

CEO of the bankrupt exchange, New York TimesParticipated in the DealBook Summit held by . Sam Bankman-Fried, who showed himself openly for the first time after the bankruptcy, made remarkable statements and confessions. “I had a bad month and I have almost no money left.Using the statements, Bankman-Fried said that he also has more than $ 100,000 in debt. FTX CEO, a few months ago 15 billion dollars He was seen as the “young version” of US investor Warren Buffet.

He didn’t expect things to come to this extent!

Speaking about the elbow contacts with the company called Alameda, which caused the collapse of FTX, the sunken CEO accepted their cooperation, but that things would come to this level. you didn’t expect told. “I made many mistakes.The only thing Sam Bankman-Fried did not anticipate was that things would come to this level. FTX CEO also said that investors would react so quickly and demand large amounts of withdrawals. never thought.

There is good news: coins on the FTX US exchange can be given to their owners!

The bankruptcy of the huge stock market also put investors in trouble. such that FTX US Investors who deposited money on it could not get their money back. But that will change, according to Sam Bankman-Fried. Saying that all the problems related to the stock market have been resolved, the CEO claimed that the investors will get their money. By the way; of FTX TR Let’s not go without saying that he managed this process very well. The Turkish leg of the stock market showed the utmost sensitivity in terms of returns, and as it was announced, no one has any money left in this stock market.

“I’m not afraid of lawsuits. I haven’t defrauded anyone!”

FTX

You can open up about it at the New York Times event. litigation and criminal proceedings relating to Speaking at the press conference, Bankman-Fried stated that he has no fear at this point. “I didn’t defraud anyone.” said FTX CEO, any criminal liability at the point of the company’s bankruptcy. that you don’t feel he also said. We’ll see what happens at this point…

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