According to Sam Bankman-Fried, the Situation Could Be Even Worse
The former CEO of crypto exchange FTX, Sam Bankman-Fried, has repeatedly expressed in an interview with the New York Times regret about the collapse of the exchange and admitted that events could have developed in a more dramatic manner.
According to him, the margin position “was significantly larger than he thought” – “billions of dollars.” He would be glad if it were smaller.
He has also agreed the company has expanded its business interests too quickly and missed signs of trouble.
Sam Bankman-Fried has declined to provide details, speculate on the subject of imprisonment or disclose his location, citing security concerns.
He has admitted that lately he’s been sleeping and playing video games that “clear your mind and help you relax.”