“Look, I screwed up,” the fallen crypto billionaire Sam Bankman-Fried instructed a convention in New York on Wednesday, however he maintained he “didn’t ever attempt to commit fraud” and was “shocked” by the collapse of his companies.

With glassy eyes, at instances visibly shaking, Bankman-Fried appeared by way of video convention from a nondescript room within the Bahamas. He instructed the New York Occasions DealBook summit he was “deeply sorry about what occurred” however persistently mentioned he didn’t have a full image of what was occurring inside the varied branches of FTX, his now bankrupt cryptocurrency alternate, and its offshoots.

Bankman-Fried resigned as head of the FTX cryptocurrency alternate when it declared chapter earlier this month. The true fallout of the collapse remains to be rising. FTX owes $3.1bn (£2.57bn) to its largest collectors, belongings have disappeared, legislation enforcement and regulators are circling and Bankman-Fried’s free-handed largesse to the US political elite is about to trigger a firestorm in Washington.

In one other interview, broadcast on Thursday morning, Bankman-Fried instructed ABC: “I wasn’t spending any time or effort making an attempt to handle danger on FTX.” He “stopped working as exhausting for a bit” earlier than the agency’s implosion, he mentioned.

One key query concerning the collapse is whether or not FTX’s clients’ funds have been misappropriated and given to FTX’s hedge fund Alameda Analysis. Questioned by New York Occasions columnist Andrew Ross Sorkin, the 30-year-old appeared to shift blame to Alameda.

“I didn’t knowingly commingle funds,” he mentioned. “I used to be frankly stunned by how large Alameda’s place was.”

Requested if he had behaved like a financial institution teller who took the money from the until dwelling within the night, Bankman-Fried mentioned: “Look, I wasn’t operating Alameda, and I didn’t know precisely what was occurring, and the dimensions of their place.”

Alameda’s chief government, Caroline Ellison, had reportedly been in a relationship with Bankman-Fried.

“Look, I’ve had a nasty month. This isn’t nice,” he instructed the viewers, to laughter. “What issues right here is all the shoppers and stakeholders that bought harm and to assist them out. What occurs to me will not be the essential half.”

In earlier interviews on the convention, a few of finance’s greatest gamers weighed in on the scandal. Larry Fink, chief government of BlackRock, the world’s largest asset supervisor, mentioned it appeared FTX’s collapse was the results of not simply mismanagement however unhealthy habits. Fink hinted that his agency, which had $24m (£20m) invested in FTX, might have been given deceptive info.

“Proper now, we are able to make all of the judgment calls that it seems to be like there was some misbehavior of main consequence,” he instructed the convention. “Might we have now been misled? Till we have now extra details, I cannot speculate.”

The treasury secretary, Janet Yellen, mentioned the FTX collapse was a “Lehman second” for the crypto business and described cryptocurrencies as “very dangerous belongings”.

Bankman-Fried was interviewed by ABC’s George Stephanopoulos at his dwelling within the Bahamas this week. Within the interview, the previous chief government was requested about his danger administration at FTX.

“I believe that there’s something possibly even deeper flawed there, which was I wasn’t even making an attempt, like, I wasn’t spending any time or effort making an attempt to handle danger on FTX,” Bankman-Fried mentioned.

“If I had been spending an hour a day eager about danger administration on FTX I don’t suppose that will have occurred. I believe I finished working as exhausting for a bit, and actually, if I look again on myself, I believe I bought slightly cocky – I imply, greater than slightly bit – and I believe a part of me like felt like we’d made it.”

Requested if he was anxious about going to jail, Bankman-Good friend mentioned: “There are plenty of issues which might be worrying me proper now. As finest as potential, I’m making an attempt to concentrate on what I can do, going ahead, to be useful, and, you recognize, let no matter regulatory and authorized processes are taking place play out as they may.”

His look on the DealBook summit got here after he gave a collection of discursive and typically nonsensical explanations for the circumstances of FTX’s collapse, together with blaming “poor inner labeling” of accounts for the corporate’s $8bn (£6bn) shortfall in belongings.

Final week, Bankman-Fried was dropped by the main US legislation agency Paul, Weiss after attorneys for FTX claimed he was disrupting its chapter reorganization efforts by means of “incessant and disruptive tweeting”.

On stage, he acknowledged his attorneys “have been very a lot not” suggesting it was a good suggestion to be talking on the convention.

Bankman-Fried, whose private fortune was estimated at $26bn (£21bn) at its peak, mentioned he had about $100,000 (£83,000) to his title. Requested if he had been truthful within the interview, he mentioned: “I used to be as truthful as I’m educated to be.”

The US Senate agriculture committee has scheduled a listening to for Thursday on “Classes Realized from the FTX Collapse” with commodity futures buying and selling fee chair Rostin Behnam scheduled to seem as a witness.

That shall be adopted, on 16 December, by hearings by the Home monetary providers committee. It has mentioned it expects Bankman-Fried to seem.