Sam Bankman-Fried Considered Himself a “Model CEO” Before FTX Collapsed

Sam Bankman Fried FTX Collapse
Sam Bankman Fried FTX Collapse

Sam Bankman-Fried said he considered himself a “model CEO” before FTX imploded, as he apologized another time for the collapse of the crypto giant.

“I had thought of myself as a model CEO, who wouldn’t become lazy or disconnected. Which made it that much more destructive when I did,” Bankman-Fried tweeted Friday

He added: “I’m sorry. Hopefully, people can learn from the difference between who I was and who I could have been.”

Bankman-Fried is facing investigations in the US and the Bahamas after being accused of misusing FTX customer funds to prop up his trading firm Alameda Research. 

In a Twitter thread Friday, Bankman-Fried said he would testify before the US House Committee on Financial Services on Tuesday. 

The confirmation came after the committee’s chair, Maxine Waters, told him: “It’s clear to us that the information you have thus far is sufficient for testimony.”

Bankman-Fried tweeted: “I still do not have access to much of my data – professional or personal. So there is a limit to what I will be able to say, and I won’t be as helpful as I’d like. But as the committee still thinks it would be useful, I am willing to testify on the 13th.”