FTX News: SBF Blames Biden Administration and SEC for FTX Collapse in Prison Interview

In a revealing prison interview, the embattled founder of the now-defunct cryptocurrency exchange FTX, Sam Bankman-Fried, has shifted the blame for his company’s collapse onto external forces, specifically naming the Biden administration and the Securities and Exchange Commission (SEC). Read on for more details on this surprising revelation.

SBF Blames Biden, SEC for FTX Collapse in Interview

In a prison interview with conservative host Tucker Carlson, disgraced FTX founder Sam Bankman-Fried blamed external forces, such as the Biden administration, for FTX’s collapse. He insisted that the exchange’s failure was not due to internal mismanagement but rather external interference and claimed that had it not been forced into bankruptcy, FTX would have thrived with an estimated $93 billion in assets. Bankman-Fried is currently serving a 25-year prison sentence.

Sam Bankman-Fried Placed In Solitary Confinement Over Unauthorized Interview

Former FTX CEO Sam Bankman-Fried has reportedly been placed in solitary confinement after giving an interview to right-wing commentator Tucker Carlson without prison approval. The U.S. Bureau of Prisons confirmed that Bankman-Fried did not have permission for the interview and sent him to solitary confinement at Brooklyn’s Metropolitan Detention Center, where he has been held since August 2023.