SBF speaks with the New York Times
People illustrations by Storyset
FTX is back in the news again after their CEO Sam Bankman Fried came out of the woods to express Himself. On Twitter particularly, he has been very outspoken in trying to apologise to his users. While in the Bahamas he has taken out time to address the public in a video yesterday.
Andrew Ross from The New York Times took the interview during their year DeadBook summit. SBF was there to talk to the host about a topic like managing risk, charity work, housing in the Bahamas and other topics.
SBF in the interview says he screwed up and he made mistakes that he shouldn’t have made as the CEO of FTX. He addresses the fact that the most important thing to him should have been managing risk in the company and looking out for the customers.
He said in the video that pretty much at any time, the FTX US customers could receive their money or in his own words…be made “whole”. But he was not making promises to them.
He gave full details of what he meant by the US FTX being insolvent. According to him the US wing of FTX was fully funded and they may start allowing withdrawals anytime.
The US platform—the US-regulated platform with American users—to my knowledge, that’s fully solvent. That’s fully funded and I believe that withdrawals could be opened up today and everyone could be made whole from that.
When he spoke on regulation he explained that they did their best to have s good relationship with the public and that many other companies are just out there trying to look good.
He spoke about the COVID relief he provided and how it was not related to the democratic party and all those who contributed did not see it that way.
He had little information about the housing his parents purchased in the Bahamas. Saying only that it was supposed to be a short-term purchase.
Bitboy on Twitter still stands by the fact that he should have been the one to take that interview and that nothing will be gotten from SBF until he handles it.
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