Former FTX CEO Sam Bankman Fried in a recent appearance at the Dealbook summit discusses his journey from once hailed as the poster child of responsible crypto to facing fraudulent charges over FTX collapse. Notably, after media reports disclosed anomalies in the company’s balance accounts. On November 11, the FTX applied for Chapter 11 bankruptcy protection in Delaware.

SBF in an interview with Andrew Ross Sorkin at the Dealbook Summit accepted that he “didn’t do a good job” of upholding his obligations to regulators, customers, and investors. Former FTX CEO said he did not commit any fraud in addition to this he stated he sees it as a thriving business.

On the question of criminal liability, SBF stated he believes he did not do anything wrong and completely denies it. on. FTX’s former CEO claims Alameda had paid back all credit lines to several borrowing departments. Notably, as per the court filing, Almeda still owes more than $670 million to BlocFi. In an interview, SBF also cleared up the reason behind deleting tweets on having enough money to cover client assets. SBF said he removed it because he believed the thought to be false.

(By Nishant Shukla)