Sam Bankman-Fried has a very negative opinion of regulators in a Vox interview.

  • Sam Bankman-Fried made a number of statements in an interview with Vox that raised eyebrows.
  • A month ago I was one of the world’s greatest fundraisers,” he said. “Now I’m the fallen wreckage of one.”

Former FTX CEO Sam Bankman-Fried made a number of eyebrow-raising statements in a Vox reporter Kelsey Piper’s DMs over Twitter late Tuesday.

He cursed regulators when asked about the exchange’s lobbying efforts. The things that they do only make the situation worse.

After Bankman-Fried filed for bankruptcy protection, Piper messaged Bankman-Fried on Twitter. He responded and said he had DMed her. She had spoken to him on Zoom earlier this summer for a profile.

Bankman-Fried has been using Twitter to communicate mainly in bizarre rambling since last week’s problems for the company spiraled out of control. FTX quickly tweeted that Bankman-Fried had no role at FTX, FTX US or Alameda Research, and did not speak on their behalf.

A remnant of what once was.

Bankman-Fried said that he wished he had never filed for Chapter 11 bankruptcy protection, but that things would be 70% fixed right now if he hadn’t.

Instead, I sat and watched as they tried to burn through everything I had worked so hard on, in shame. There is still so much to be done, Bankman-Fried said, needing just two weeks to raise $8 billion.

“That’s basically all that matters for the rest of my life,” he said. A while ago, I was a very good fundraiser. I’m the wreckage of something that’s been ruined.

SBF had some notable quotes from the interview.

“ESG has been perverted beyond recognition,” he said in continued comments about regulation, in which he also said that Office of Foreign Assets Control was “slowly undermining U.S. interests globally and is the single biggest threat to the U.S. being a superpower.”
“I didn’t want to do sketchy stuff, there are huge negative effects from it and I didn’t mean to. Each individual decision seemed fine and I didn’t realize how big their sum was until the end.”
“Sometimes life creeps up on you,” he said after saying he thought Alameda had enough collateral to reasonably cover funds it had lent out.
“Messy accounting + margin exchange,” he said when asked about the origin of the exchange’s troubles 
“More careful accounting + offboard Alameda from FTX once FTX could live on its own,” he said when asked what he’d do if he could do it all over again.
“It’s complicated,” he said, when pressed as to whether the firm was lending out customer funds. “It wasn’t quite lending them out — it was messier and more organic than that.”
“Gary is scared, Nishad is ashamed and guilty,” he said, referring to co-founder Gary Wang and director of engineering Nishad Singh.

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