Crypto Youtuber Tiffany Fong published two audio interviews she had with SBF, in which the former CEO of FTX denied the report that he created a "back door" to FTX, and expressed regrets for filing for bankruptcy.
Previously, Reuters reported that SBF had a back door, which allowed him to execute commands that could alter the company's financial records without alerting others. On this topic, SBF said, "this is something I would be doing? That I can tell you is definitely not true. I don't even know how to code."
When talking about using $FTT as collateral, SBF said, "I think it ($FTT) had real value. That being said, there are a few problems. This was embarrassing given my background. I think it was basically more legit than a lot of tokens in some ways. It was more economically underpinned than the average token was. It's not a token that does nothing. There's a utility to it."
He thought, "illiquidity didn't cause the crash," but it was "the massive correlation of things during market moves, especially when they are triggered by fear over the position itself."
In terms of filing for Chapter 11 bankruptcy, SBF said, "I honest to god if I hadn't filed for bankruptcy, all users would be whole and withdrawals would be on FTX right now. Not just US, International as well. 8 minutes after I filed for bankruptcy, $4 billion more came in of liquidity."
In the second interview, SBF was asked about Binance CEO CZ. He said, if CZ hadn't shown concerns about FTX, "things would certainly be a lot more stable and a lot more ability to generate liquidity, but there'd still be too much margin in the system. I think it's kind of 50-50."
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