As the first preview of the interview revealed, the former FTX CEO said that although he has made multiple mistakes, the biggest one was listening to what people told him to do and filing for bankruptcy.
In the interview, Bankman-Fried said those responsible for FTX’s Chapter 11 bankruptcy proceedings were “trying to burn it all down out of shame” and that he had two weeks to raise 8,000 million dollars and save the company.
“That’s basically all that matters (raising the money) for the rest of my life”said.
His biggest mistake had been “Chapter 11. If he hadn’t, withdrawals would open in a month with all customers in.” Regulators make everything worse, he added. “They don’t protect customers at all“, said.
Source: Ambito
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