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Sam Bankman-Fried Reflects on Apology and Regret During Courtroom Testimony

Mar 28, 2024

In court, Sam Bankman-Fried remained composed and straightforward, emphasizing that FTX possessed the necessary funds to reimburse investors when the company faced difficulties. He acknowledged the distress he caused former clients and colleagues like Caroline Ellison and Gary Wang, who had given testimony against him. Bankman-Fried expressed his awareness of the disappointment felt by many individuals and the impact of his actions on the collective effort put into creating something meaningful. He admitted that the consequences of his decisions weigh heavily on him every day.

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