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FTX Bankruptcy Filing Was A Mistake, Says CEO Sam Bankman-Fried
Regulators make everything worse, Sam Bankman-Fried said.(File) The founder of collapsed crypto exchange FTX, Sam Bankman-Fried, said he regretted his decision to file for bankruptcy and, in an interview published by Vox, criticized regulators. In the interview, Bankman-Fried said those in charge of FTX's Chapter 11 bankruptcy process were "trying to burn it all to the ground out of shame," and that he had two weeks in which to raise $8 billion and save the company. His single biggest mistake had been "Chapter 11. They don't protect customers at all," he said. They have an impossible job: to regulate entire industries that grow faster than their mandate allows them to," he wrote on Twitter, adding that the message exchange with Vox's reporter was "not intended to be public." He made no objection in his reply prior to publication." Source: NDTV #FTX
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