Popular cryptocurrency exchange that went bankrupt last month of FTX co-founder and former CEO Sam Bankman-Fried (SBF) in striking statements. Speaking at the New York Times conference, Fried stated that he was not deliberately attempting to cheat.
SBF: I don’t know who stole $515 million from FTX
FTX, which was the third largest cryptocurrency exchange in the world until last month, is now known as a bankrupt company. Former FTX CEO Sam Bankman-Fried, who attended the New York Times conference from the Bahamas, denied the fraud allegations.
Stating that he made statements despite the warnings of his lawyers that he should remain silent, SBF said, “I have never tried to defraud anyone. A month ago I was excited about the prospects for FTX. “I was shocked by what happened this month,” he said.
Also in the company’s accounts a few days after filing for bankruptcy. $515 million There was a “hacking” crisis. Interim CEO John J. Ray III, appointed to oversee FTX’s bankruptcy, confirmed that unauthorized access to certain assets had occurred.
Stating that some assets belonging to the platform were taken by regulators and employees, Bankman-Fried stated that he still does not know the details of the $515 million fraud. “I wasn’t thinking and talking about what the risks were with FTX,” he said.
The company went bankrupt after facing close to $6 billion in withdrawals within 72 hours. Also rival platform Binancebroke its agreement with FTX, and the value of FTX’s token, FTT, fell by 94 percent in one day.
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