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Sam Bankman-Fried , founder of bankrupt crypto exchange FTX and former crypto entrepreneur, has issued his first statement since his sentencing. In a statement to ABC News, SBF shared that he is remorseful for his actions, and that “It’s most of what I think about each day.” Sam Bankman-Fried is currently being held at the Metropolitan Detention Center in Brooklyn, NY. Speaking to ABC via email, SBF says the fall of FTX was a result of “several bad decisions” he made in 2022. Furthermore, despite showing remorse, Bankman-Fried revealed that he didn’t know at the time he was committing illegal acts or fraud.  “I never thought that what I was doing was illegal. But I tried to hold myself to a high standard, and I certainly didn’t meet that standard,” he says.  Source – MorningStar Also Read: FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison Sam Bankman-Fried was sentenced to 25 years in prison on Thursday for fraud. Spe...

Consequently, this arises from charges related to the dramatic collapse of FTX in November 2022. Additionally, a notable point of contention has been Bankman-Fried’s decision to share the personal writings of his former associate and ex-romantic interest, Caroline Ellison, with a journalist from The New York Times. advertisement Defending Reputation or Witness Tampering? Bankman-Fried ‘s lawyers emphasize that the sharing of Ellison’s documents was aimed at protecting his tarnished reputation. Hence, they argue that a witness promising to testify against someone cannot be realistically threatened by a renowned newspaper’s publication of their own words. However, U.S. District Judge Lewis Kaplan had other views. On August 11, he revoked Bankman-Fried’s bail, suspecting witness tampering after the disclosures. Moreover, Ellison, formerly in a key position in Bankman-Fried’s circle, has pled guilty to fraud. Besides Ellison, two ot...