FTX founder Sam Bankman-Fried expresses regret after being sentenced to 25 years in prison

adminApril 2, 2024

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FTX founder Sam Bankman-Fried has expressed remorse for his actions after being sentenced to 25 years in prison on fraud-related charges last week.

“This is most of what I think about every day,” he told ABC News in an email interview. “I never thought what I was doing was illegal.”

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Sam Bankman-Fried has responded to claims he had no regrets.

During sentencing on March 28, U.S. District Judge Lewis Kaplan said the FTX founder was “often evasive” and committed perjury in his testimony. Then he criticized. bankman pride For not showing any remorse for committing a ‘horrible crime.’

In an interview, Bankman-Fried responded that she “absolutely” regretted the judge’s statement. He then confessed the ‘pain’ he felt when his colleagues took away what they had ‘saved their lives’ for.

Sam Bankman-Fried has been sentenced to 25 years in prison for financial fraud.
In an exclusively written response @alphabet News, Bankman-Fried claims to have regrets. “I never thought what I was doing was illegal.”
Read more: https://t.co/lAzJKXy0dk pic.twitter.com/DokasUWGhN
— ABC News (@ABC) April 1, 2024

Bankman-Fried said the thousands of customers affected by the exchange’s collapse “deserve to be paid in full at current prices.” Bankman-Fried added that it was “extreme” that payments “could and should have been made in November 2022” had to wait so long.

In a statement he submitted to the court, FTX Founder He said that if he or any other employee had remained CEO of FTX, his clients would have been paid long ago. He also criticized the company’s decision not to restart the exchange, which he believes could bring long-term value to the company and affected users.

Legal team preparing appeal for unfair trial

Bankman-Fried accused Sullivan & Cromwell, the firm representing FTX’s new ownership, of cooperating with prosecutors. court filing last year. He argued that he had the right to see corporate documents that the law firm shared with prosecutors and not him. In response, the former FTX CEO said he did not receive a fair trial.

Bankman-Fried’s defense team will appeal his conviction after they said certain trial testimony “grossly misrepresented what actually happened,” according to Bankman-Fried. Despite the possibility of an appeal, he said he lost everything he had to lose.

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