Sam Bankman-Fried

Well, basically, no. The company that I used to own, maybe I still do own. I don't know. It's in bankruptcy. Had nothing intervened today, it would have about $15 billion of liabilities and about $93 billion of assets. So the answer should be, in theory, yes, that

You know, there was enough money to pay everyone back in kind at the time or today with, you know, plenty of interest left over and tens of billions left for investors. But that's not how things worked out. And instead, it all got boiled up in a bankruptcy where I... The assets were dissipated incredibly quickly by those controlling it. They were siphoned off, tens of billions of dollars worth.

You know, there was enough money to pay everyone back in kind at the time or today with, you know, plenty of interest left over and tens of billions left for investors. But that's not how things worked out. And instead, it all got boiled up in a bankruptcy where I... The assets were dissipated incredibly quickly by those controlling it. They were siphoned off, tens of billions of dollars worth.

You know, there was enough money to pay everyone back in kind at the time or today with, you know, plenty of interest left over and tens of billions left for investors. But that's not how things worked out. And instead, it all got boiled up in a bankruptcy where I... The assets were dissipated incredibly quickly by those controlling it. They were siphoned off, tens of billions of dollars worth.

And it's been a colossal disaster. And, I mean, not solving that problem is by far the biggest regret of my life.

And it's been a colossal disaster. And, I mean, not solving that problem is by far the biggest regret of my life.

And it's been a colossal disaster. And, I mean, not solving that problem is by far the biggest regret of my life.

I don't think I was a criminal. So certainly the answer to that is no. I mean, I think the DOJ thinks that I may have been, but I don't share their viewpoint.

I don't think I was a criminal. So certainly the answer to that is no. I mean, I think the DOJ thinks that I may have been, but I don't share their viewpoint.

I don't think I was a criminal. So certainly the answer to that is no. I mean, I think the DOJ thinks that I may have been, but I don't share their viewpoint.

Yeah. Ten years ago, the answer was clearly yes, or at least yes relative to the scale of the industry. Right. You look in the mid-2014 to 2017 sort of era, and the industry is a lot smaller than it was today. And a lot of the transactions I saw, or at least a higher fraction of them, were, well... Different people use different words for it, but Silk Road, you know, as an example, right?

Yeah. Ten years ago, the answer was clearly yes, or at least yes relative to the scale of the industry. Right. You look in the mid-2014 to 2017 sort of era, and the industry is a lot smaller than it was today. And a lot of the transactions I saw, or at least a higher fraction of them, were, well... Different people use different words for it, but Silk Road, you know, as an example, right?

Yeah. Ten years ago, the answer was clearly yes, or at least yes relative to the scale of the industry. Right. You look in the mid-2014 to 2017 sort of era, and the industry is a lot smaller than it was today. And a lot of the transactions I saw, or at least a higher fraction of them, were, well... Different people use different words for it, but Silk Road, you know, as an example, right?

People purchasing narcotics online was a common use of crypto back 10 years ago or so. Obviously, there are always going to be criminals in any industry, but over time...

People purchasing narcotics online was a common use of crypto back 10 years ago or so. Obviously, there are always going to be criminals in any industry, but over time...

People purchasing narcotics online was a common use of crypto back 10 years ago or so. Obviously, there are always going to be criminals in any industry, but over time...

the fraction of the industry that that represents has fallen off really substantially, both because of sort of growth of other areas of interest in crypto and also because of more government involvement on the anti-money laundering side. So, yeah, they're still solid, but it's not as prevalent as it once was.

the fraction of the industry that that represents has fallen off really substantially, both because of sort of growth of other areas of interest in crypto and also because of more government involvement on the anti-money laundering side. So, yeah, they're still solid, but it's not as prevalent as it once was.

the fraction of the industry that that represents has fallen off really substantially, both because of sort of growth of other areas of interest in crypto and also because of more government involvement on the anti-money laundering side. So, yeah, they're still solid, but it's not as prevalent as it once was.

It hasn't made me rethink the precepts. Obviously I feel terrible about what happened. It's not at all what I intended and whatever one's intentions are. I, you know, if you screw up, then the results might be different. You know, People got their money back at the end, but it is too excruciating years waiting for it. They got it back dollarized rather than in kind.