Sam Bankman-Fried, founder and former CEO of FTX, testifies throughout a listening to earlier than the Home Monetary Providers Committee.
(WTVO) — Sam Bankman-Fried, the previous billionaire CEO of cryptocurrency trade FTX who was discovered responsible on November 2 of wire fraud and conspiracy spoke about his potential life sentence in a newly-released interview with journalist Tiffany Fong.
“If my life ended now I’d virtually actually have completed internet hurt to the world,” mentioned Bankman-Fried within the newly-released audio revealed to X. “And it’s onerous to spin that.”
Bankman-Fried, 31, based the cryptocurrency trade in 2019. Over the course of the following 3 years, Bankman-Fried used FTX buyer funds to lend billions of {dollars} to his cryptocurrency buying and selling agency, Alameda analysis, with out buyer data or consent.
FTX declared chapter in November 2022, being unable to pay again prospects who tried to withdraw their belongings. Bankman-Fried was charged on eight counts of fraud and conspiracy a month later.
“It doesn’t weigh on me that folks suppose I’ve completed internet hurt,” continued Bankman-Fried when requested about how his crimes are affecting him. “The truth that I’ve completed that hurt weighs enormously on me.”
Bankman-Fried’s sentencing is scheduled for March 28, 2024. He’s anticipated to attraction, according to Reuters.
He faces a most sentence of 115 years in jail.
