A few days after FTX filed for bankruptcy, Sam Bankman-Fried gave the FTX an interview New York Times. During the interview, the former boss declined to discuss details of the disaster, including the financial ties between the exchange and sister company Alameda Research. Still, Sam Bankman-Fried admits to using his clients’ cryptocurrencies to smuggle them into Alameda.
According to the Wall Street Journal, the 30-year-old primarily financed Alameda’s trading activities in this way. Half of the funds entrusted by FTX users are said to have been siphoned off by the company, which is notorious for its warlike tactics. The trading company owes FTX up to $10 billion.
Sam Bankman-Fried also attributes his company’s debacle to growth that was too rapid. In fact, in three years, FTX has become the second largest trading platform in the world, right behind Binance. While ” a little more focused about his activities he feels he has ” understand what was going on” and deal with the situation better.
In the interview, he also talks about the working conditions that led to the company’s demise. Apparently, Sam Bankman-Fried worked with a group of close associates. Some of his relatives lived with him in his luxurious penthouse in the Bahamas.
Among them is Caroline Ellison, director of Alameda Research. The young woman has had a romantic relationship with Sam Bankman-Fried in the past. The former FTX boss confirms and assures that this relationship is now over. In an interview that aired two years earlier, Caroline Ellison, who has limited trading experience, said she was on the pick “Many decisions”many of which were “really uncertain”which took control of Alameda at SBF’s request.
It also turned out that employees from FTX and Alameda shared the same space, reports the New York Times. Because of this, the two companies found themselves very dependent on each other. Finally, the fallen crypto prince confirms to be the author of the tweets published on his Twitter account in the last few days. One-letter tweets forming the word What have actually surfaced.
“It will be more than a word. I make it up as I go. I improvise. I think it’s time”explains Sam Bankman-Fried.
to “Head free”the 30-year-old explains how to play Storybook Brawl, an online card game.