‘There were no wild parties’: FTX’s Sam Bankman-Fried pushes back on depiction of lifestyle with coworkers

Key Facts

In Sam Bankman Fried’s first live interview since stepping down as CEO of FTX, with the New York Times’ Andrew Ross Sorkin at the DealBook summit, he was asked about his—and his colleagues’—drug use amid the crypto exchange’s shockingly abrupt collapse this month.
“Can you just speak to the idea of this company that, at least from the public perspective, seemed like a regulated company or something that was very focused on compliance…but it seems like when you read the stories, it sounds like a bunch of kids who were on Adderall having a sleepover party,” Sorkin asked Bankman-Fried on Wednesday.
The remark garnered laughter from the audience, but instead of directly addressing the insinuation of drug use or possibly abuse, Bankman-Fried instead said that he “screwed up.”
“I was the CEO of FTX…that means I had a responsibility, that means that I was responsible ultimately for us to do the right things,” SBF answered.