Home » After serving a 25-year sentence, Sam Bankman-Fried speaks out for the first time.

After serving a 25-year sentence, Sam Bankman-Fried speaks out for the first time.

FTX founder Sam Bankman-Fried expresses his remorse following his sentencing in the first interview via email with ABC News.

by V. Sinclair
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Former “crypto king” Sam Bankman-Fried told ABC News via an exclusive interview that he is remorseful following his actions. During the past week, he was sentenced to 25 years in jail for fraud.

According to ABC News, he explained that he never thought that what he was doing was illegal but highlighted that he thinks about his actions every day.

SBF also said that he feels remorse:

“I’ve heard and seen the despair, frustration and sense of betrayal from thousands of customers; they deserve to be paid in full, at current price.”

SBF continued and explained that this should have happened back in November 2022, and it could and should happen today, highlighting that it’s excruciating to see customers still waiting, day after day.

SBF said that he’s haunted by his actions every day, and he never intended to hurt anyone or take anyone’s money, but as FTX‘s CEO, he was responsible for what happened to the company. He concluded by saying that he’s doing whatever he can do from prison.

He addressed all these things while speaking to ABC News via email from the Metropolitan Detention Center in Brooklyn.

Sam Bankman-Fried

Sam Bankman-Fried received 25 years in jail

Bankman-Fried’s sentence marked the end of a 17-month ordeal that began in November 2022.

He was the co-founder and CEO of FTX, a global cryptocurrency exchange, which suffered a catastrophic failure, resulting in an $8 billion loss for its customers. Following the company’s collapse, Bankman-Fried resigned from his position, and the new ownership filed for bankruptcy.

Prosecutors accused him of stealing funds from FTX clients to make political contributions, investments, and personal gains. Last autumn, he was found guilty of seven counts of fraud, conspiracy, and money laundering.

During his trial in the past week, he has been sentenced to 25 years in jail. 

In court, he said that there are and always have been plenty of assets to repay customers, lenders, and investors in full “at current prices or prices at the time.”

Following his sentencing, he said he lost everything he had to lose, and he’d give anything to “be out there, trying to make a positive difference in the world.”

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