Sam Bankman-Fried: Founder of bankrupt crypto firm FTX breaks his silence, with thousands locked out of savings

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Sam Bankman-Fried: Founder of bankrupt crypto firm FTX breaks his silence, with thousands locked out of savings
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FTX, a cryptocurrency exchange that operated around the world, collapsed as panicked traders pulled $6bn out of the company in just three days after a series of bombshell allegations.

Speaking via video link from the Bahamas, Bankman-Fried said he now has"close to nothing" following his company's failure - and is down to one working credit card.He has admitted that his businesses"completely failed" when it came to risk management, and said this was"pretty embarrassing in retrospect".

While the embattled entrepreneur believes that American users should be able to get their money back in full, Bankman-Fried has warned in other interviews that international customers may only get 20% to 25% of the money they had locked into FTX.

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