Sam Bankman-Fried

CEO of FTX asserts his lack of villainy

Sam Bankman-Fried desires for people to understand his regret. He told ABC News' George Stephanopoulos that he felt guilty about not having done more to stop FTX's demise.

Sam Bankman-Fried stated, "I really, deeply wish that I had taken a lot more responsibility for understanding what the details of what was going were. I should have been in control of this, and I feel awfully bad and guilty about it now. Many persons suffered injuries. That's my fault."

Bankman-Fried said that he might also be a victim. He once had a net worth of $20 billion, but that has since been lost. He admitted  that his only assets as of right now are roughly $100,000. He declared, "I anticipate having nothing at the end of this."

Bankman-Fried said that his business had "clear procedures" in place to permit lending and borrowing on the platform, but claimed that there was insufficient control.

Bankman-Fried stated that he is currently concentrating on "making it up to everyone who was wounded." he Added, "In the end, I have no control over what transpires. And the world will assess me accordingly."