The former boss of the FTX crypto exchange, which collapsed in November 2022, spoke for the first time since his sentence to 25 years in prison.

This is the first time that Sam Bankman-Fried (nicknamed “SBF”), the former boss of the crypto exchange FTX, has spoken since his sentence last week to 25 years in prison. The 32-year-old former crypto star, who plans to appeal this decision, gave an interview to American media ABC News from the Metropolitan Detention Center in Brooklyn.

When handing down his sentence last Thursday, US federal judge Lewis Kaplan emphasized SBF’s lack of remorse throughout his trial which took place late last year despite the “crimes” committed.

“I am haunted, every day, by what was lost. I never intended to hurt anyone or take anyone’s money,” explained SBF, specifying that he would give anything to “repair the damage”.

“They deserve to be reimbursed”

SBF was found guilty Thursday, November 2 of 7 counts. The former crypto boss notably deceived his investors and misappropriated his clients’ money for his personal enrichment, as well as to make up for the losses of his trading subsidiary Alameda Research. More than $8.7 billion in cryptocurrencies from customers and businesses disappeared following the collapse of FTX in November 2022.

While more than 9 million FTX customers have lost access to their funds, SBF considers that they “deserve to be refunded in full, at the current price.”

However, FTX liquidators announced this week that customers should recover their dollar funds (and not their cryptos) by the end of the year based on the value of their cryptocurrencies in November 2022. At the time of the bankruptcy of FTX, bitcoin was worth around 17,000 dollars against more than 66,000 dollars at 4:15 p.m. this Tuesday, April 3.


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