News portals around the world are full of information related to the FTX crash and its former CEO Sam Bankman. Everyone in the industry is trying to understand the loopholes that made this crisis inevitable and the red flags that FTX showed before its final demise.
But nobody knows the inside story better than SBF who lost it all without understanding the gravity. SBF had been inaccessible to all after he filed for bankruptcy and there had been no updates on his Twitter since he declared to step down as the CEO.
However, this changed last night when SBF approached a journalist from a reputed media outlet and gave a personal interview over their chat. From his declaration of bankruptcy to the take on regulators, SBF made his stance clear on various subjects without any filters.
Let us see what Sam Bankman had to say in his interview and try to read between the lines of his carefree texts.
News portals around the world are full of information related to the FTX crash and its former CEO Sam Bankman. Everyone in the industry is trying to understand the loopholes that made this crisis inevitable and the red flags that FTX showed before its final demise.
But nobody knows the inside story better than SBF who lost it all without understanding the gravity. SBF had been inaccessible to all after he filed for bankruptcy and there had been no updates on his Twitter since he declared to step down as the CEO.
However, this changed last night when SBF approached a journalist from a reputed media outlet and gave a personal interview over their chat. From his declaration of bankruptcy to the take on regulators, SBF made his stance clear on various subjects without any filters.
Let us see what Sam Bankman had to say in his interview and try to read between the lines of his carefree texts.
Was Bankruptcy a Mistake?
Talking about the decision on filing for Chapter 11 bankruptcy, SBF has said that things would be completely different if he had not declared bankruptcy. He said that those who are in charge of the company right now are going to burn it down out of shame and if he would have continued to lead the organization, he might have raised the funds to return to their customers. Sam Bankman said,
“Well, a month ago I was one of the world’s greatest fundraisers. I have 2 weeks to raise over $8 billion and that is what matters to me for the rest of my life.”
SBF also mentioned that he is feeling extremely guilty about the fact that thousands of investors had to lose their money.
“F*cK Regulators, They Make Things Worse”
When Sam was asked if he was one of those who wanted to have regulations in the Industry, he said that these things are done to make sure that he maintains good PR. He said that regulatory authorities are going to do more harm than good to the industry and do nothing to safeguard the customers’ interests.
“F*ck regulators, they make everything worse. They do not protect customers at all”
Sam Bankman agreed that a reliable customer protection mechanism has to be built and maintained within the crypto industry but he had made up his mind that regulators are not the ones who should be made responsible to do it.
We will take you back to the time when smartphones were not a thing.
After which we will be discussing when did Smartphones become popular.What Year Did Cell Phones Come Out
Before you put resources into Bitcoin, or besides anything, it is insightful to comprehend what it implies, where it originated from, and how can it work.
Despite the fact that the idea of computerized money isn't new in any way.
It was first attempted and tried right around 2 decades prior, however due to subverted execution and security attributes, it was immediately disposed of.
As of late, a mysterious engineer structured Bitcoin, which utilizes Blockchain innovation at its center.
If you are contemplating playing the virtual currency game, but you haven’t heard of the cryptocurrency thing, the first question that would come to mind is Bitcoin!
