Former FTX CEO Sam Bankman-Fried Admits to ‘Huge Management Failures’ but Denies Fraud

Sam Bankman-Fried, founder of the now defunct and infamous FTX cryptocurrency exchange, admitted publicly in a New York Times interview that the collapse of his $32 billion crypto empire was the result of “huge management failures” but said he had not committed fraud. “I didn’t know exactly what was going on,” Bankman-Fried said, a plausible admission from a man who was…