Novogratz Says Bankman-Fried Is ‘Delusional’ Over FTX Collapse

  • On Wednesday, Bankman-Fried denied he tried to commit fraud
  • ‘People should go to jail,’ Novogratz said in a BTV interview
Mike Novogratz, the CEO and founder of Galaxy Digital, discusses the FTX collapse, Galaxy’s workforce plans and his forecast for Bitcoin on “BloombergMarkets: The Close.”
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Galaxy Digital Chief Executive Officer Mike Novogratz characterized Sam Bankman-Fried as “delusional” when the former FTX exchange head recently sought to explain the collapse of his cryptocurrency empire.

“It’s kind of surprising that his lawyers are letting him speak,” Novogratz said on Bloomberg Television. “Having watched two interviews, the word delusional kept coming to mind.”