‘Do You Expect to Go to Prison?’: An Interview With SBF

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The Wall Street Journal

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🗓️ 6 December 2022

⏱️ 20 minutes

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Summary

Sam Bankman-Fried is the founder and ex-CEO of FTX, the crypto exchange that recently filed for bankruptcy. WSJ reporter Alexander Osipovich sat down with him to talk about what happened and how $8 billion of customer money went missing. Further Reading: -FTX Founder Sam Bankman-Fried Says He Can’t Account for Billions Sent to Alameda Further Listening: -The Fall of Crypto’s Golden Boy -How Crypto Giant FTX Suddenly Imploded Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey Sam.
0:01.0	Hey.
0:02.0	So, we're here to talk about what happened FTX.
0:11.2	A few days ago, our colleague Alexander Asapovic sat down with Sam Bankman Freed.
0:17.2	Bankman Freed is the founder and former CEO of the crypto exchange FTX, which imploded
0:22.7	last month.
0:25.1	Alexander asked Bankman Freed about FTX's collapse and how $8 billion of customer money
0:31.1	went missing.
0:32.2	FTX is now facing multiple investigations from the Justice Department and other federal
0:38.3	agencies.
0:39.3	Sam, what you've described sounds at a minimum, like, gross negligence.
0:45.3	Obviously, there are a lot of people there who think that you've committed outright fraud.
0:49.3	Do you expect to go to prison?
0:52.3	I'm not focusing on that right now.
0:54.5	I don't think that I did.
0:57.0	I don't think I tried to commit fraud anywhere here.
1:00.6	I was trying to do the best I could.
1:02.7	Obviously, that wasn't nearly as good as I thought it was.
1:07.6	But honestly, it's not what I'm focusing on right now.
1:09.7	I don't think that's where I just isn't about me.
1:14.8	I mean, obviously, there's a lot of attention on me here, but it's about the customers
1:19.9	at the end of the day.
	...

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