Crypto Guy Says He's Doing Fine After Losing Billions of Customers' Money, Getting Plenty of Sleep

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Sam Bankman-Fried isn't feeling much remorse after his $32 billion exchange FTX collapsed in a matter of days, leaving users unable to withdraw funds.

Bankman-Fried told The New York Times that he's doing well and getting plenty of rest.

He told the newspaper from an undisclosed location that he was getting some sleep, despite rumors that he had already tried to leave. It could be worse, that's what I think.

FTX went down in a big way last week. The exchange was forced to file for Chapter 11 due to an $8 billionliquidity crunch.

He apologized in a thread on the social networking site last week.

FTX's downfall was due to the 30-year-old's own mistakes.

He told the NYT that he would have been more thorough if he'd been more focused on what he was doing. I could have caught what was happening on the risk side.

Bankman- Fried has been living in a resort in the Bahamas with many colleagues at FTX and related companies, and was romantically involved with a business partner.

FTX customer funds were used for trades and the exchange's native token was used as a security, according to reports.

Bankman-Fried, who now owes millions of customers money, became synonymous with a controversial form of philanthropy called "effective altruism," the idea of using data to figure out how to bring as much benefit as possible.

His business activities have a dark cloud over them.

Bankman-Fried told the NYT that the venture stuff was not worth it because of the attention it got.

FTX's relationship with Binance deteriorated. The stage for FTX's collapse was set by the announcement that Changpeng Zhao was liquidating his stake in FTT.

After looking at FTX's books, Zhao withdrew his offer of bailing FTX out.

He apologized to Sam but he wouldn't be able to continue the deal. There are a lot of issues. Cz.

Billions of dollars' worth of assets are in limbo. Tom Brady and other high-profile celebrities are wondering what happened to their money.

Bankman- Fried is sleeping.

He told the New York Times that people can say mean things about him. What matters to me is what I have accomplished and what I can do.

The New York Times reported on how Sam Bankman- Fried's empire collapsed.

According to experts, Sam Bankman-Fried's best legal defense is to say he's just really stupid.