FTX founder and former Chief Executive Sam Bankman-Fried said in an interview to the New York Times on Monday that he expanded his business too fast and failed to notice signs of trouble at the exchange, whose downfall sent shock waves throughout the cryptocurrency industry.

Sam Bankman-Fried further told the newspaper, “Had I been a bit more concentrated on what I was doing, I would have been able to be more thorough.”

(By Nikita Wadhwa)