Crypto: Should we fear for the life of Sam Bankman-Fried?

Since filing for bankruptcy and resigning last week, Sam Bankman-Fried had communicated little, apart from a few unreadable tweets and comments attributed to him by members of the crypto community. He just gave an interview to the New York Times.

Would SBF think the worst?

On Monday, Sam Bankman-Fried, the former CEO of FTX, granted a interview at the New York Times. The exchange mainly revolved around him and how he handles the situation. To this effect, he showed great concern and addressed several news developments related to FTX.

Between two questions, the founder of the crypto exchange has declared : “My situation could be worse”. An assertion variously interpreted on social networks. Many in the crypto community feel that he would be thinking about suicide and would need help. But for others, Sam Bankman-Fried is simply acting and trying to win people over. Finally, there is another group of people who call for a simple interpretation of his words. For them, he is doing well, which could not have been the case.

The interview

Further, the ex-crypto mogul said he plays video games to relax and clear his mind. This, while managing to catch up on some sleep. Remember that several Internet users were shocked to see him play online over the last weekend.

SBF acknowledges its responsibility in the fall of FTX

Sam Bankman-Fried also briefly spoke about how his crypto empire fell apart. He acknowledges his responsibility for what happened. Furthermore, he notes that there were shortcomings which contributed to the collapse of his system.

“I am responsible for certain failings that led to the demise of FTX, including taking on other commitments that caused me to miss the signs of the company’s difficulties (…) If I had been a little more focused on what I was doing, I could have been more thorough”he said.

Additionally, he said he regretted his role in interactions with CZ, the boss of crypto exchange, Binance. “It was not a good strategic move on my part (…) I was quite frustrated with a lot of what I saw happening, but I should have understood that it was not a good decision on my part. apart from expressing things like that. ».

Finally, Sam Bankman-Fried says stay open to all criticism. He promised that one day he will fully open up about what happened.

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