Former CEO of FTX, Sam Bankman-Fried, during his time running the company admitted that he had never “made an effort” to manage risk.
In an interview with ABC News, Sam Bankman-Fried talked about some of the decisions he made while running FTX.
Asked about how the company manages the risks it faces when running FTX, Bankman-Fried: “I wasn’t even trying. I was making no effort, taking no time to manage the risks of FTX.” said.
A hearing will be held in the US House of Representatives on December 13 regarding FTX, which has entered the bankruptcy process. One of the claims made about FTX is that the stock market users misuse their money towards.
Sam Bankman-Fried on these allegations What will he answer in court? about, “I didn’t know customers’ money was being misused.” said.
In an interview, Bankman-Fried also denied reports that he was using drugs and revealed that he had a six-month affair with Alameda Research CEO Caroline Ellison.