In an interview with ABC Information, FTX founder and former CEO Sam Bankman-Fried mentioned he’s remorseful for his actions.
Bankman-Fried was sentenced to 25 years in jail final Thursday for his conviction on seven completely different fraud and conspiracy expenses.
Sam Bankman-Fried, the founder and former CEO of the defunct crypto change FTX, has mentioned that he’s remorseful for his actions after he was sentenced to 25 years in jail for fraud final week.
Bankman-Fried was interviewed through e mail by ABC Information from the Metropolitan Detention Heart in Brooklyn. Final Thursday, whereas asserting the sentence, U.S. District Choose Lewis Kaplan mentioned Bankman-Fried by no means provided “a phrase of regret” for his “horrible crimes.”
“It’s most of what I take into consideration every day,” Bankman-Fried informed ABC Information. “I by no means thought that what I used to be doing was unlawful. However I attempted to carry myself to a excessive customary, and I definitely didn’t meet that customary. I’ve heard and seen the despair, frustration and sense of betrayal from 1000’s of consumers; they should be paid in full on the present worth.”
The previous FTX boss mentioned the insolvency of FTX was the results of a number of “unhealthy choices” he made in 2022. Bankman-Fried additionally famous that the shoppers “may and will” have been paid in 2022, and it’s “excruciating to see them ready, day after day.”
“I’m haunted, day by day, by what was misplaced. I by no means meant to harm anybody or take anybody’s cash. However I used to be the CEO of FTX, I used to be chargeable for what occurred to the corporate, and while you’re accountable, it doesn’t matter why it goes unhealthy. I’d give something to have the ability to assist restore even a part of the harm. I’m doing what I can from jail, nevertheless it’s deeply irritating not to have the ability to do extra,” he mentioned to ABC Information.
On Thursday, Bankman-Fried’s protection crew mentioned it might be interesting. In the course of the interview with ABC Information, Bankman-Fried mentioned sure trial testimony “drastically misstated what truly occurred,” and his protection was “not allowed to introduce essential proof or placed on vital witnesses.”
Learn all of CoinDesk’s coverage on the Sam Bankman-Fried trial here.