Sam Bankman-Fried says he regrets filing for bankruptcy: Report
The former CEO of FTX Sam Bankman-Fried has expressed deep regret over filing for Chapter 11 bankruptcy last week, calling it his “biggest single fuckup.”
In a wide-ranging interview with VOX which was published on Nov. 16, Bankman-Fried reportedly answered questions on a number of topics such as the Nov. 11 Chapter 11 bankruptcy filing, his thoughts on regulators, ethics, how FTX and Alameda “gambled with customer money,” and the FTX hack.
According to screenshots of the Twitter conversation between VOX reporter Kelsey Piper and Sam Bankman-Fried, the former FTX CEO said that although he has made multiple mistakes, the biggest one was listening to what people told him to do and filing for Chapter 11 bankruptcy.
“I fucked up big multiple times,” Bankman-Fried wrote. “you know what was maybe my single biggest fuckup?”
Bankman-Fried said that if he hadn’t filed for chapter 11 bankruptcy, “everything would be ~70% fixed right now,” with “withdrawals would be opening up in a month with customers fully whole,” adding:
After admitting to a “liquidity crunch” on Nov. 8, Bankman-Fried had reportedly sought $8 billion from investors in emergency funding to cover a shortfall, even offering his personal wealth to “make customers and investors whole.”
When asked what was next for him, Bankman-Fried suggested he still had two weeks to get the $8 billion, which is “basically all that matters for the rest of my life.”
However, in a Nov. 16 statement, FTX CEO and chief restructuring officer John Ray has reminded the public that Bankman-Fried "has no ongoing role at [FTX], FTX US, or Alameda Research Ltd. and does not speak on their behalf.”
Related: FTX’s new CEO John Ray coldly addresses SBF’s erratic tweets
Turning to other topics discussed
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