Following the collapse of the FTX crypto exchange, former CEO Sam Bankman-Fried (SBF) has been interviewed for the first time, where he denies any wrongdoing.
According to SBF, contrary to public allegations, he did not have backdoor access to FTX, where he manipulated accounts, he said in an interview with YouTuber Tiffany Fong published on November 29.
At the same time, SBF acknowledged he was wrong on the handling of Alameda’s balance sheet, noting that the situation was ‘a poorly labeled accounting thing’.
“I certainly wasn’t like building some back door in this system. I could barely use the system. <…> I knew this system from a user interface perspective. <…> I was incorrect on Alameda’s balances on FTX by a fairly large number and embarrassingly large new one, and it was because of a very poorly labelled accounting thing,” he said.
SBF on FTX collapse cause
Interestingly, SBF claimed that the FTX collapse was not caused by the reported liqui
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