The FTX founder made his first public appearance since the collapse of his company.
(Photo: Getty Images)
new York Sam Bankman-Fried tries damage control. “I’ve made a lot of mistakes and I would give anything to be able to do some things again,” said the founder of the insolvent crypto exchange FTX on Wednesday evening. It was the first public appearance after the spectacular collapse of his company, which shook the entire industry.
The 30-year-old with curly brown hair joined a New York Times conference from his adopted home, the Bahamas, to share his perspective on things. And Bankman-Fried has some explaining to do these days.
In just a week, his crypto empire collapsed. FTX was once the third largest trading platform for digital currencies like Bitcoin, along with dozens of subsidiaries and holdings. In the spring, FTX was valued at $32 billion. Bankman-Fried was considered a “child prodigy of the crypto world”, his assets peaked at $26 billion. Now everything is gone.
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