FTX chief Sam Bankman-Fried says he ‘screwed up’ but rejects fraud claim

Disgraced chief executive tells summit he didn't knowingly commingle funds' with FTX's sister company Alameda Research

Look, I screwed up," the fallen crypto billionaire Sam Bankman-Fried told a conference in New York on Wednesday, but he maintained he didn't ever try to commit fraud" and was shocked" by the collapse of his businesses.

With glassy eyes, at times visibly shaking, Bankman-Fried appeared via video conference from a nondescript room in the Bahamas. He told the New York Times DealBook summit he was deeply sorry about what happened" but consistently said he did not have a full picture of what was going on within the various branches of FTX, his now bankrupt cryptocurrency exchange, and its offshoots.