2022 has been a brutal year for cryptocurrency after reaching a peak of $3 trillion in value in 2021, cryptocurrencies have spent the better part of this year in a tailspin, fueled by financial losses, a public perception crisis and a fraud scandal. This past week, the founder of the crypto firm FTX Sam Bankman-Fried was indicted on a battery of fraud charges. Bankman-Fried has denied knowingly defrauding investors.
Sam Bankman-Fried, former CEO of FTX: Look, I screwed up like I was CEO, I was a CEO of FTX. And I mean, I’d say this again and again, that that means I had a responsibility, that means that I was responsible ultimately, frustrating to write things and I mean I — we didn’t like, we mess up.