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‘I Was Under Pressure While Filing For Chapter 11,’ Claims SBF

Published 2022-12-15, 09:48 a/m
© Reuters.  ‘I Was Under Pressure While Filing For Chapter 11,’ Claims SBF
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  • FTX founder claimed he never expected FTX US would come under chapter 11.
  • Bankman-Fried claimed to be under a lot of pressure from his advisors.
  • This was revealed in the FTX founder’s last interview before his arrest.

Days before his arrest, FTX founder, Sam Bankman-Fried claimed that he never expected FTX US would come under chapter 11, and that this decision was “surprising” and “confusing”. In Bankman-Fried’s last interview before his arrest, the FTX founder revealed he was under a lot of pressure from his advisors.

Post FTX’s crash, the last interview of Bankman-Fried before his arrest was conducted by the Forbes Director of Research Digital Assets, Steven Ehrlich. The interview focused on events that had happened during the FTX crash.

Expressing the struggles, Bankman-Fried claimed that he often received bad advice from lawyers, though stating that he won’t specifically name them. When questioned about his parents, Bankman-Fried claimed that they have been really supportive during his crisis. Although after FTX’s demise both his parents, who were professors at Stanford Law, claimed they would no longer be teaching.

On Tuesday, the court testimony of the new CEO of FTX John Ray III was released to the public. During the ongo ...

The post ‘I Was Under Pressure While Filing For Chapter 11,’ Claims SBF appeared first on Coin Edition.

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