In a blistering new interview from prison, FTX founder Sam Bankman-Fried insists he does not consider himself a criminal despite being found guilty of multiple fraud-related charges. Speaking to commentator Tucker Carlson, Bankman-Fried denied the allegations against him and argued that he was the victim of a flawed justice system. Bankman-Fried, who is currently serving a 25-year sentence at the Metropolitan Detention Center in Brooklyn, reiterated many of his previous statements, arguing that FTX’s collapse was not the result of intentional wrongdoing.
“I don’t think I’m guilty,” he said, adding: “I mean, I guess the Justice Department thinks I might be, but I don’t care.” The former cryptocurrency founder was convicted in 2023 on multiple charges, including conspiracy to commit wire fraud and securities and commodities fraud, following the dramatic collapse of his own cryptocurrency exchange. Despite the jury’s verdict, he remains defiant, arguing that FTX had sufficient assets to cover its debts prior to its bankruptcy.
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The timing of Bankman-Fried’s interview, which aired just before his 33rd birthday, led to speculation that it could be part of an effort to seek clemency. His family has reportedly advocated for a presidential pardon, especially amid President Donald Trump’s wave of pardons. Bankman-Fried hinted at his changing political stance in an interview with the New York Sun last month, trying to align himself with Trump’s views on political weaponry. His recent conversation with Carlson reinforces that narrative.
During the interview, Bankman-Fried attempted to downplay crime in the cryptocurrency sector, comparing the current state of the sector to its past association with illicit activities such as Silk Road. Bankman-Fried also appeared to criticize Democrats, despite having donated millions to their campaigns, including a large contribution to President Joe Biden in 2020. He expressed disappointment with the Biden administration and described SEC Chairman Gary Gensler as having obstructive regulatory policies.
Asked about the possibility of a pardon, he acknowledged the uncertainty but struck a pragmatic tone. “If it doesn’t happen, I’ll be in my early 50s when I’m released,” he said.
*This is not investment advice.*