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Founder of FTX feels sorry about what happened and says his memory is not good?

Founder of FTX feels sorry about what happened and says his memory is not good?

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Answer Founder of FTX feels sorry about what happened and says his memory is not good?

Sam Bankman-Fred, former CEO of FTX, expressed his regret about what happened with the company and his mishandling, but he does not fully remember all the details, according to what he was told recently.

Bankman spoke for about two hours about the collapse of FTX during a “Twitter Spaces” event hosted by Mario Nawfal, telling interviewers that he wasn’t clear about some of the events that caused his company to file for bankruptcy protection.

The dialogue was witnessed by no less than 38,000 listeners.

Bankman used the phrase “I don’t remember” at least 10 times during the interview, deflecting questions about how he mishandled his crypto empire.

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He lamented how his business fell apart, saying he was not on top of things and felt compelled to explain what went wrong.

He told Bankman when asked why he wanted to speak, responding by saying:

I feel like you all deserve to hear from me about what happened.

I feel so bad about that.

But some really important details were obscure.

Bankman said he did not recall whether he showed investors his risk management profile, details of his dealings with Bahamian securities regulators, or whether he was involved in his Alameda trading firm’s interactions with the press.

Legal advice:

Bankman stated that he had received legal advice, though he did not say how much his lawyer was paid.

He didn’t want to talk about his parents either, and dodged multiple questions about Carolyn Ellison, the former head of FTX’s sister business, Alameda Research, whom he was said to have dated for some time.

He told Bankman, who was once a billionaire, that he had $100,000 left in his bank account.

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The Twitter Spaces event was the latest stop in Bankman’s apology tour after FTX, previously valued at $32 billion, filed for bankruptcy protection last month.

Bankman spoke at the New York Times’ DealBook Summit on Wednesday and sat down for an interview with ABC News that aired Thursday morning.
In his recent remarks, the former FTX boss seemed to have a hard time remembering what he said yesterday as interviewers pressed him on comments about whether his company had correctly marked assets.

Laird Bankman:

Actually I don’t remember exactly what I said at the time.

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