Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Corrupt Crypto CEO: I Have No Regrets or Morals
Posted
November 18, 2022
Views
181,667
Likes
5,573
Comments
1,608
Engagement
3.95%
November 18, 2022
181,667
5,573
1,608
3.95%
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13:21Now PlayingBillionaire CEO Sam BankmanFried lifted the curtain back on all the shady things he did as CEO of the nowbankrupt crypto exchange FTX. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch TYT LIVE on weekdays 68 pm ET.
Read more HERE
"Last night, Sam Bankman-Fried DMed me on Twitter.
That was surprising. I’d spoken to Bankman-Fried via Zoom earlier in the summer when I was working on a profile of him, so I reached out to him via DM on November 13, after news broke that his cryptocurrency exchange had collapsed, with billions in customer deposits apparently gone. I didn’t expect him to respond — typically, people under investigation by both the Securities and Exchange Commission and the Department of Justice don’t return requests for comment.
Bankman-Fried, though, apparently wanted to talk. About how FTX and his hedge fund Alameda Research had gambled with customer money without, he claims, realizing that’s what they were doing. About who gets lauded as a hero and who’s the fall guy. About regulators. (“Fuck regulators.”) About what he regrets (“Chapter 11,” the decision to declare bankruptcy) and about what he would have done differently with FTX and Alameda (“more careful accounting + offboard Alameda from FTX once FTX could live on its own”).
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221117__TA02_Sam_Bankman_Fried
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