This week, the newspaper The Sun was able to interview Sam Bankman-Fried from his prison. During a 45 -minute registration, the interested party flees his responsibilities and even argues that FTX was not bankrupt.
Sam Bankman-Fried gives an interview to The Sun since his prison
After his financial crimes in the FTX case, Sam Bankman-Fried (SBF) received 25 years in prison And he therefore still has 24 years to serve, unless the call of his trial comes to modify this duration of detention. As we have seen recently, his family even seeks to obtain presidential grace from Donald Trump, when part of the funds had been stolen from customers to finance democratic politicians seriously when the Exchange was still standing.
This week, The Sun newspaper obtained an SBF interview in 3 sessions of 15 minutes per phonedirectly from the Brooklyn detention center.
At the beginning, of interview, he thus talks about his political opinions and argued that if he considered himself rather as “left -back“Originally, his time spent”in Washigton DC to work with regulators, legislators and executive power»Has changed his mind. Now he would identify himself rather as a republican:
I had already seen how much the party had changed, but you know, on the questions that I knew better, on those with which I had spent the most time, especially on the policy of cryptocurrencies, the Biden government was Simply incredibly destructive and difficult to manage and frankly, the republican party was much more reasonable.
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Like Donald Trump's words, the detainee also speaks of a politicization of the Ministry of Justice (DOJ), notably evoking the president's past frustrations towards judge Lewis Kaplan.
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Ftx would have been so-called solvent
While he used Chapter 11 of the United States' bankruptcy law, Sam Bankman-Fried now claims that neither FTX nor Alameda Research were bankrupt.
However, with the legendary bad faith which he showed throughout his trial, he implicitly admits having invested the funds of his clients:
FTX has never been insolvent and never went bankrupt. Alameda either. They have always had enough money to honor all their obligations. What has happened is a liquidity crisis, a bank run, what it fundamentally means is that if you buy a car of $ 20,000 and you know that you buy it on credit from 'A bank, you are reimbursing it. You have $ 10,000 to reimburse and then suddenly, the bank calls you and tells you “hey, you have a week to honor the rest of your payments”.
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Be that as it may, the fact is that customers injured in this case will never find all of their funds, although the reimbursements have started this week.
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Source: The Sun
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
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