‘I Didn’t Knowingly Commingle Funds’: Sam Bankman-Fried On FTX’s Collapse

Sam Bankman-Fried’s highly anticipated interview with the New York Times has come and gone.

Yet, the crypto space still has questions as Bankman-Fried, sticking to his guns, maintained that he had not knowingly committed any crime.

The founder of the bankrupt exchange joined the conversation virtually from his residence in the Bahamas, against the advice of his lawyers.

Bankman-Fried’s FTX.com and FTX US exchanges were once valued at a combined $40 billion, but the entities filed for Chapter 11 bankruptcy protection earlier this month.

Preliminary court proceedings reveal billions of dollars in FTX customer funds remain unaccounted for.

When asked repeatedly if he improperly took customer deposits and lent them to Alameda, FTX’s sister company, Bankman-Fried said he “didn’t knowingly commingle funds.”

Bankman-Fried attributed the situation to an accounting mistake, saying there was a “substantial discrepancy” between the company’s legitimate audited financials and the figures displayed on the exchange’s faulty dashboards.

When asked about his future and whether he had any criminal liability, Bankman-Fried stuttered, “I don’t personally think that…that’s not what I’m focusing on.”


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