NEW: In a highly-anticipated interview with dealbook, SBF_FTX expressed regret over FTX’s collapse, but clung to the narrative that it was all just a big bet gone wrong. 0x_tracy reports from DealbookSummit
and FTX US exchanges were once valued at a combined $40 billion, but the entities filed for Chapter 11 bankruptcy protection earlier this month after a CoinDesk story highlighted balance sheet irregularities in FTX's trading arm, Alameda Research. Preliminary court proceedings reveal billions of dollars in FTX customer funds remain unaccounted for.
One theory is that Bankman-Fried improperly transferred those funds between the FTX exchange, and Alameda, which squandered them through a series of bad trades. When asked repeatedly by Sorkin whether he improperly took customer deposits and lent them to Alameda, Bankman-Fried said he “didn’t knowingly commingle funds.”
When pressed about the relationship between Alameda and FTX, Bankman-Fried said it had decreased over time.
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