Sam Bankman-Fried has his name going around everywhere these days because of his FTX crypto platform collapsing this week. He has now given a statement that puts the onus of his despondent life occurrences on his ex-lover.
He said that his outright commitment to ethics was just a facade and apologized for those who were affected by the collapse of FTX, a DailyMail report said.
He blamed Alameda Research, the trading he established in 2017, run by his ex-girlfriend, Caroline Ellison, for the event that went down and took FTX with it. He owned a majority stake in Alameda and had installed 28-year-old Ellison, who, many said, had limited professional expertise.
Bankman has accepted that FTX had sent Alameda billions of dollars belonging to clients without letting them know or taking their permission. The crisis at FTX began when customers rushed to take their funds out but found out the company could not give them the money back. The 30-year-old owned a $40 million penthouse in the Bahamas with his ex-lover, where he lived with his FTX inner circle and Alameda executives. This was said by him in an interview with Kelsey Piper, a Vox reporter.
Bankman-Fried stated that he allegedly tried to convince regulators and politicians to accept and support crypto but accused them of making everything worse in the latest interview. It is reported that Alameda owed FTX about $10 billion despite being forbidden by FTX’s terms of service.
According to Bankman-Fried, he regretted filing for bankruptcy. If he had not done that, he would have recovered the platform by almost a 70% so far. FTX Founder, Sam Bankman-Fried, lost his fortune and says he will speak about what happened. On Tuesday, November 15, Bankman-Fried started to send out mysterious tweets after his exchange got destroyed and he lost his billionaire status in one day.