[ad_1]
Join our Telegram channel to stay up to date on breaking news coverage
FTX founder Sam Bankman-Fried expressed remorse for his actions after he was sentenced to 25 years in prison on fraud-related charges last week.
“It’s most of what I think about every day,” he said in an email interview with ABC News. “I never thought what he was doing was illegal.”
Sam Bankman-Fried responds to accusation that he showed no remorse
During his sentencing on March 28, U.S. District Judge Lewis Kaplan said the FTX founder was “often evasive” and committed perjury in his testimony. He then criticized fried banker for not conveying the slightest remorse for having committed “terrible crimes.”
In the interview, Bankman-Fried responded to this statement from the judge and said “of course” he is sorry. He then went on to share the “pain” he felt by taking what his co-workers had “poured their lives into” and throwing it all in the trash.
Sam Bankman-Fried reacts to his 25-year prison sentence for financial fraud.
In written responses provided exclusively to @ABC News, Bankman-Fried insists she feels remorse: “I never thought what I was doing was illegal.”
Read more: https://t.co/lAzJKXy0dk pic.twitter.com/DokasUWGhN
– ABC News (@ABC) April 1, 2024
As for the thousands of customers affected by the exchange’s collapse, “they deserve to be paid in full, at current prices,” Bankman-Fried said. He finds it “unbearable” that they have to wait so long, when payments “could and should have happened in November 2022,” Bankman-Fried added.
In his statement before the court, the Founder of FTX He said clients would have been paid a long time ago if he or another employee had remained CEO of FTX. He also criticized the company’s decision not to restart the exchange, which he believes could have resulted in long-term value for the company and its affected users.
Legal team preparing an appeal for unfair trial
Bankman-Fried accused Sullivan & Cromwell, the firm representing the new ownership of FTX, of working with prosecutors on a court presentation last year. He claimed he had the right to see company documents that the law firm shared with prosecutors and not with him. As such, the former FTX CEO said he did not receive a fair trial.
Bankman-Fried’s defense team will appeal her conviction after saying certain trial testimony “largely informed what really happened,” according to Bankman-Fried. Regardless of the possible appeal, he said he “has lost everything” he had to lose.
Related Posts:
Smog (SMOG) – Meme Coin with Rewards
- First Airdrop Season Available Now
- Earn XP to qualify for a share of $1 million
- Featured on Cointelegraph
- Staking Rewards: 42% APY
- 10% discount on free sale – smogtoken.com
Join our Telegram channel to stay up to date on breaking news coverage
[ad_2]
