Bankman-Fried claims: "I'm unknowingly betting money" at DealBook Summit

Former FTX CEO Sam Bankman-Fried  claimed he "unwittingly commingled funds" between Alameda and FTX client funds. 

 Bankman-Fried spoke via video conference at the New York Times DealBook Summit  on November 30, where reporter Andrew Sorkin noted that “it appears that the funds that are FTX customers and are not supposed to be commingled really got mixed up with yours. money in a separate company." 
Sam Bankman-Fried speaking at the New York Times DealBook Summit. Source: New York Times 
 Bankman-Fried denied any knowledge of the foundation's interference and blamed  poor oversight. 

 "I inadvertently mixed up the funds [...] I was honestly surprised at how big Alameda's position was, which indicated another failure in my oversight  and failure to appoint someone to take charge," Bankman-Fried said. adding: 

 "But I wasn't trying to collect money." 

 Bankman-Fried also appeared to change the prosecution of the Alameda Act. 
 "I wasn't in charge of Alameda, I didn't know exactly what [happened]. I didn't know the magnitude of their position." 

 The cryptocurrency exchange famously collapsed in early November as a result of a liquidity crisis that led to a halt in customer withdrawals. It filed for bankruptcy days later on November 11. 

 Much of the liquidity crisis is said to have been caused by Alameda's use of customer funds to cover loans taken out as a result of the credit crunch caused by the collapse of LUNA.

🌐  source

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