New York Times financial columnist Andrew Ross Sorkin interviewed former FTX CEO Sam Bankman-Fried after his cryptocurrency empire imploded.
FTX recently filed for bankruptcy after users discovered that trading firm Alameda Research, a company run by former Bankman-Fried love interest Caroline Ellison, had allegedly been using funds from FTX to make bets. During the live-streamed interview at The New York Times’ DealBook Summit, which was attended virtually by The Daily Wire, the former billionaire denied that he intentionally commingled customers’ investments.
Sorkin told Bankman-Fried that he received multiple letters from FTX customers who accused the now-broke entrepreneur of stealing their life savings, prompting him to say that he was “deeply sorry about what happened.” After Sorkin pressed him on the alleged intertwining of funds, Bankman-Fried claimed that a “failure of oversight” on his part resulted in confusion rather than any desire to defraud investors for his own profit.
