Posted 4/1/2024, 7:33:07 PM
Bankman-Fried Issues First Statement Since FTX Fraud Sentencing, Expresses Remorse But Claims Ignorance of Illegality
- Sam Bankman-Fried issues first statement since being sentenced to 25 years in prison for FTX fraud
- Expresses remorse for actions, says fall of FTX was result of "several bad decisions" he made in 2022
- Claims he didn't know at the time that what he was doing was illegal or fraud
- Says he's "haunted every day" by what was lost and the impact on FTX customers
- Accepts full responsibility as FTX CEO for company collapse, frustrated can't do more to repay customers from prison
