FTX Missing Billions Remain Mystery After Bankman-Fried Grilling
- Bankman-Fried spoke at New York Times event about FTX collapse
- He admitted to gross errors while pushing back on fraud claims
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Mystery continues to shroud the missing billions at bankrupt crypto exchange FTX after its disgraced founder Sam Bankman-Fried denied trying to perpetrate a fraud while admitting to grievous managerial errors.
In his first major public appearance following the Nov. 11 implosion of FTX and sister trading house Alameda Research, Bankman-Fried said he “screwed up” at the helm of the exchange and should have focused more on risk management, customer protection and links between FTX and Alameda.