Sam Bankman-Fried, founder and ex-CEO of bankrupt crypto exchange FTX, attempted to distance himself from any suggestion of fraud in his first public appearance since his company's collapse stunned investors and left creditors facing losses
the company did not "secretly transfer" but rather misread its "confusing internal labeling.
"By late on Nov. 6 we were putting together all of the data...that obviously should have been part of the dashboards I was always looking at...and when we looked at that, there was a serious problem there," Bankman-Fried said. "The real answer is that’s not what I’m focusing on. There’s going to be a time and place for me to sort of think about myself and my own future," he said.for the 30-year-old entrepreneur who rode a cryptocurrency boom to a net worth that Forbes pegged a year ago at $26.5 billion. After launching FTX in 2019, he became an influential political donor and pledged to donate most of his earnings to charities.
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