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According to The Guardian, Sam Bankman-Fried has been openly talking to the media about FTX’s bankruptcy and his legal problems. Days before his arrest, Bankman-Fried spoke to the BBC and admitted that he had made mistakes with FTX and Alameda Research. In addition, he took the blame for mishandling his company’s funds and divulged that he hoped to pay his investors back one day. He stated (per the BBC), “I didn’t knowingly commit fraud, I don’t think I committed fraud, I didn’t want any of this to happen. I was certainly not nearly as competent as I thought I was.”
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In an interview with The New York Times, Bankman-Fried once again took responsibility for FTX’s downfall but added that he did not know his company’s discrepancies. He stated, “I had a duty. I had a duty to all of our stakeholders, to our customers, our creditors. I had a duty to our employees, to our investors and to the regulators of the world to do right by them and make sure the right things happened at the company. And clearly, I did not do a good job with that.” Although Bankman-Fried did not end up testifying for the House Financial Services Committee, Forbes published the statement he had planned on reading. His opening sentence states, “I f***** up.”
