Disgraced FTX founder Sam Bankman-Fried is grilled publicly for the first time trends now
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Disgraced FTX founder Sam Bankman-Fried is facing the public for the first time since his company's collapse and filing for bankruptcy - and leaving investors millions out of pocket
Disgraced FTX founder Sam Bankman-Fried has said he 'didn't try to commit fraud' and 'made a lot of mistakes' as he is grilled publicly for the first time since his company's collapse and filing for bankruptcy - and leaving investors millions out of pocket.
Bankman-Fried is being quizzed at New York Times' DealBook Summit by journalist Andrew Ross Sorkin this evening.
'I was CEO of FTX and that means whatever happened I had a duty to our stakeholders ... to do right by them,' Bankman-Fried said. 'I didn't do a good job of that, I made a lot of mistakes.
In response to people saying that he had run a 'massive ponzi scheme, he said: 'I didn't try to commit fraud.'
Among the top questions includes whether FTX and its trading firm Alameda Research misused customers funds as it was revealed that the companies owed more than $55,000 to Jimmy Buffet's Margaritaville bar in the Bahamas.
Bankman-Fried, who was spotted by DailyMail.com on the balcony of his $40m Bahamas penthouse for the first time since his empire
