Sam Bankman-Fried, the previous CEO of FTX, was questioned by New York Instances journalist Andrew Sorkin in his very first public look via a video name. Sorkin threw a barrage of questions in the direction of the previous CEO and likewise questioned him in regards to the cash that had vanished from the alternate instantly after it had filed for chapter 11 chapter. Bankman-Fried briefly touched on this topic whereas stating that he was at the moment reduce off from FTX’s programs.
The FTX US staff and Bahamian regulators had each seized some, together with some “precise improper entry,” which he was unable to element. This was the “reply to the extent that I do know it,” SBF mentioned.
Speaking about his contributions and donations which made headlines, SBF mentioned that lawmakers weren’t ruling FTX. When requested about who’s cash they had been utilizing to make donations to the Democratic celebration, SBF mentioned that it was primarily from the income they made.
“So I imply, lawmakers weren’t ruling on FTX. FTX didn’t have an utility earlier than Congress for something. You understand, my donations had been principally for pandemic prevention. They usually had been taking a look at main elections the place there have been candidates who’re outspoken in favor of doing issues now to forestall the subsequent pandemic.”
SBF speaks about properties in The Bahamas
Bankman-Fried additionally clarified his actual property within the Bahamas and defined that his guardian’s property was not supposed to be their long-term property. He mentioned that there have been loads of property purchases within the Bahamas as a result of high Silicon valley staff got here all the way down to work there
“And, you understand, we had been making an attempt to incentivize that and to, you understand, guarantee that that they had a straightforward strategy to discover a comfy life that they’d be prepared to maneuver and, and assist construct out the product,” SBF mentioned.
However he additionally mentioned that he feels ‘unhealthy’ for them as a result of they purchased properties of their very own within the Bahamas.
“And so, you understand, these hundred folks put collectively right here did find yourself shopping for a considerable quantity of property. So it form of, I really feel unhealthy about a few of how these investments might end up for them ….”
