Sam Bankman-Fried, the founder of the now bankrupt cryptocurrency exchange FTX, won’t be making his scheduled appearance at the US House Financial Services Committee today (13 December), having been arrested by police in the Bahamas at the direction of the US Department of Justice. Had he attended the meeting, he would (according to a transcript of his planned testimony obtained by Forbes) have begun by saying: “I would like to start by formally stating, under oath: I f***ed up.”
“When all is said and done,” he reportedly planned to continue, “I’ll judge myself primarily by one metric: whether I have eventually been able to make customers whole.”
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