SBF thinks one of his biggest mistakes at FTX was slashing his workday from 18 hours to 13 hours a day, his planned testimony shows

One of Sam Bankman-Fried's biggest mistakes was cutting his workday from 18 hours to 13 hours a day.

Bankman-Fried wrote that he was not grounded in operational details in the months leading up to the exchange's downfall.

"I had prided myself on staying grounded: staying in the weeds, day to day, of the company," read a copy of this draft, which was first obtained by Forbes andBloomberg.

I started FTX with a strong work ethic and worked 18 hours a day. He said that he was working less for a long time. I was less focused and disciplined when I worked.

Bankman-Fried spent more time this year talking with regulators, working on branding and new deals, and managing the exchange's workforce.

The draft said that the time was spent not on the core product, but on risk management.

Bankman-Fried was arrested in the Bahamas the day before he was to testify before the committee.

John Ray's testimony was the center of Tuesday's hearing. The company's leadership was described by Ray as "grossly inexperienced."

Bankman- Fried distanced himself from the allegations of fraud in his draft.

He blamed himself for making a number of significant mistakes but said he didn't know about risky investments.

Despite the expansion, I thought I could hold on. He said he was wrong. I failed to focus on risk management because I bit off too much.

Bankman-Fried is accused of swindling billions of dollars of FTX's customer funds for his own personal benefit and to help grow his digital currency empire.

Mark Botnick told Insider he had not commented on Bankman-Fried's testimony draft.