” The truth that I have actually done that damage weighs immensely on me.”
Net Damage
Recently, FTX cofounder Sam Bankman-Fried was condemned on all 7 counts, concluding a troubled trial.
The disgraced crypto baron is now dealing with a “long sentence” for defrauding financiers out of a massive $8 billion, per judge Lewis Kaplan, and is now dealing with an optimum of 110 years behind bars
Where’s the one-time wunderkind psychologically? It is difficult to state, however in newly-released audio taped by reporter Tiffany Fong, who held numerous interview sessions with Bankman-Fried while he was on home arrest previously this year, the previous CEO confessed an unexpected degree of fault.
” If my life ended now I would have likely done net damage to the world and … it’s difficult to spin that,” he informed Fong in a clip shared on X after she asked him how he felt about investing the rest of his life in jail.
” The truth that I have actually done that damage weighs immensely on me,” he included.
Efficient Greed
It’s a dismaying admission, highlighting Bankman-Fried’s outspoken dedication to the “efficient selflessness” neighborhood, a philosophical motion arguing that we need to utilize all our resources to optimize the quantity of excellent on the planet.
He openly supported these efforts by contributing millions to charities. In practice, nevertheless, as Bankman-Fried confessed himself, robbing financiers of billions of dollars most likely far exceeded the excellent those contributions did.
However it’s not like district attorneys required to hear that from him anyhow.
Recently, the jury took a simple 4 hours and modification to finish their considerations, founding guilty Bankman-Fried on all 7 counts.
His efforts to take the witness stand at his own scams trial most likely just intensified the problem, with his hemming and hawing and ridiculous non-answers drawing considerable criticism.
In other words, it is difficult to feel sorry for Bankman-Fried– however a minimum of he’s revealing some degree of regret for what he did.
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