Former FTX CEO Sam Bankman-Fried has admitted his decision to relinquish control of the exchange to John J. Ray III in November 2022 was a significant mistake that cost him a potential last-minute lifeline for the bankrupt platform. In an interview with Mother Jones, Bankman-Fried revealed receiving a crucial investment proposal just minutes after handing over leadership, but time ran out before he could reverse his decision. He believes if FTX had remained under his control, this funding could have saved it from declaring bankruptcy. 3 years after FTX’s collapse, customers are still grappling with the fallout and feeling unfairly wronged by the handling of their funds.