FTX US is 'fully solvent' and 'withdrawals could be opened up today': SBF
Sam Bankman-Fried, the former Chief Executive of bankrupt crypto exchange FTX, has been quite vocal about the fall of the company on social media platforms like Twitter. In fact, he has time and again apologized to users as well. The former FTX executive virtually stepped into the media spotlight from The Bahamas on Wednesday. Interviewed by The New York Times’ Andrew Ross Sorkin at the media house’s annual DealBook Summit, Sam Bankman-Fried—a.k.a. SBF—spoke on a host of subjects ranging from risk management and philanthropy to regulation, real-estate in the Bahamas, and everything else in between. SBF admitted that he “screwed up” and did make major mistakes as the CEO of FTX. He asserted that he should’ve focused more on risk management and protecting customers. Nevertheless, he did claim that saw a chance of some customers, particularly those at FTX US, could become “whole.” He, however, was quick to add that hope with a ...