Disgraced former FTX CEO Sam Bankman- Fried whined about the loss of his net worth and blamed others for the collapse of FTX in prepared testimony Tuesday to the House Financial Services Committee.
Bankman-Fried wrote:
I fucked up. I know that it doesn’t mean much to say that I’m sorry. And so I’m dedicating as much of myself as I can to doing right by customers. When all is said and done, I’ll judge myself primarily by one metric: whether I have eventually been able to make customers whole. If I fail our customers in this regard, I have failed myself.
Now that he apologized, Bankman- Fried proceeded to lament the loss of his billions of dollars, which is reportedly built on fraud and other financial crimes, and whined he and other senior members of FTX can not still access personal information as many people have lost unknown amounts of money on FTX:
Last year, my net worth was valued at $20b.
Today, I would be wrong to say that I have nothing: I have a loving family, and food on my plate,
and that’s more than life has given billions of people.But last I saw, I believe my bank account had about $100k in it. I don’t know for sure, because I
have been denied access to many of my own personal passwords, data, documents, and
accounts.As of today, I and many other members of FTX International’s former management team are
missing access to key data–data that could help inform customers, inform the Chapter 11 team’s
decisions, and inform foreign regulators looking after FTX International. Nearly all of this data is
held by the Chapter 11 team.
The previous FTX TOP DOG then complained present FTX CEO John Ray, who is managing the personal bankruptcy of FTX, intended for not working along with him.
He had written, “I have delivered five emails in order to Mr. Ray. Mister. Ray has by no means responded, nor provides he provided in order to me to connect in any various other ways “.
Bankman– Fried also had taken problem with the law firm Sullivan& Cromwell and various other executives for pressing the business into Section 11 bankruptcy defense, which h e thinks was obviously the mistake.
