Sam Bankman-Fried ‘Wasn’t Even Trying’ to Manage Risk at FTX, He Says – WSJ

FTX founder Sam Bankman-Fried said he made no effort to manage risk at the digital-asset exchange that filed for bankruptcy in November, part of a blitz of public statements about major oversight failures at the company.

“I wasn’t even trying, like, I wasn’t spending any time or effort trying to manage risk on FTX,” Mr. Bankman-Fried said in an interview with George Stephanopoulos of ABC News that was broadcast Thursday on “Good Morning America.”

“I don’t know what to say,” he said. “What happened, happened—and, if I had been spending an hour a day thinking about risk management on FTX, I don’t think that would have happened.”

Source: Sam Bankman-Fried ‘Wasn’t Even Trying’ to Manage Risk at FTX, He Says – WSJ