crypto News Sam Bankman-Fried: everything could turn out to be much worse

Sam Bankman-Fried: everything could turn out to be much worse

Sam Bankman-Fried: everything could turn out to be much worse

Ex-head of FTX Sam Bankman-Fried (SBF) in an interview with New York Times has repeatedly expressed regrets about the Bitcoin-Birzhi collapse and admitted that events could develop in a more dramatic way.

According to him, the margin position “was much more than he thought,” “for billions of dollars”. Former FTX leader would be glad if she had less.

SBF agreed that he expanded his business interests too quickly and missed signs of problems.

Sam Bankman-Fried refused to give details, talk about imprisonment and reveal his location, citing security considerations.

He admitted that recently he slept and played video games that “clarify the mind and help to relax”.

“You would have thought that I will not sleep now, and instead I sleep a little”, -said Bankman-Fried.

The publication noted that the former billionaire looked “amazingly calm”.

The ex-head of the FTX said that it works with regulators, a bankruptcy court, and the company will make maximum efforts to satisfy the interests of customers and shareholders.

When asked about relations with colleagues, Bankman Fried said that he maintained close communication with no more than 15 employees and that was no longer connected by romantic relations with CEO Alameda Research Caroline Ellison.

According to the sources of the publication, SBF participated in decision -making on major transactions. At the same time, the boundaries between the FTX and the trading company “did not exist”. Allison sat next to the monitors displaying trading data from the exchange, he explained.

The former billionaire called the criticism of Binance the head of Binance Chanpan Zhao in his conversations with regulators.

On November 6, the latter decided to get rid of the ftx FTX UTILITY-TOKEN. Assets with Busd in a total of ~ $ 2.1 billion steel by the company’s output from portfolio investment in the platform.

According to the sources of the publication, Allison took guilty of the collapse of the company. According to her, Alameda took loans for venture investments. After falling the market in the spring, counterparties demanded their return. To fulfill obligations, the company used FTX client tools. According to her, besides her and Bankman-Frida, two more employees knew about this.

The interlocutor of New York Times confirmed that Alameda Research had an outstanding debt to FTX of $ 10 billion, as previously reported in The Wall Street Journal with reference to their own sources.

In response to his thread, in which he wrote in the form of separate letters for several days, “I don’t know what happened”, the former billionaire said that he would “improvise” in this way.

In an interview with Coindesk, one of the insiders called the FTX and AlaMeda Research commands with a “gang of children in Bagamas”. The company itself is a place full of conflicts of interests, consumption and lack of supervision.

Sam Bankman-Fried and his nearby circle, consisting of former Jane Street colleagues and fellow students in MIT, lived in a luxurious penthouse on Bagama. Moreover, many of them were associated with a romantic relationship. In particular, ex-seo “sometimes met” with Allison.

According to former employees, they learned about the problems of the company from Twita CZ [head of Binance Chanpen Zhao] about the purchase of FTX and considered it a joke ”. Bankman-Fried “kept silence”. He turned to employees a week after the start of the crisis, supporting those who expressed a desire to leave the company.

“Gary [Wang, CTO FTX], Nishad [Cing, head of the development of FTX] and SAM control the code, the mechanism of comparison of the exchange and means. If they moved them or entered their data, I’m not sure that someone could notice it “, – said the source.

Recall that the US Ministry of Justice has everything you need to initiate a criminal case against CEO FTX Sam Bankman-Fried and other leaders of a bankrupt exchange, according to Fortune.

Earlier, SEC and CFTC have also begun studying FTX relationships with its American unit and AlaMeda, according to Bloomberg.

The agency considered unlikely the return of funds by customers of the bankrupt exchange, the “hole” in the balance sheet of which amounted to about $ 8 billion.

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