Broke and down to one credit card: Former FTX CEO Sam Bankman-Fried claims he committed no fraud

2 years ago
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Striking a contrite tone, former FTX CEO Sam Bankman-Fried said he “didn’t do a good job” at upholding his responsibilities to regulators, customers, and investors in a hotly anticipated conversation with CNBC’s Andrew Ross Sorkin at the Dealbook Summit.

Bankman-Fried’s FTX imploded in mid-November after Coindesk reported irregularities in the company’s balance sheets. The company filed for Chapter 11 bankruptcy protection in Delaware on Nov. 11.

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